Using the data in the above table, gross private domestic investment equals
A) $250.
B) $260.
C) $460.
D) some amount that cannot be determined without more information.
C
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In the circular flow model, which of the following items is a real flow?
A. The flow of government expenditures to firms for the goods bought B. The flow of income from firms to households for the services of the factors of production hired C. The flow of U.S. borrowing from the rest of the world D. The flow of labor services from households to firms
If government cuts taxes ________
A) national saving goes up B) the equilibrium interest rate would decrease C) discretionary income goes up D) all of the above E) none of the above
Proved reserves of tin have declined since 2000 . but the price of tin has fluctuated for the past six decades, with no obvious upward or downward trend. This indicates that
a. the world will run out of tin in a few years because the proved reserves have fallen. b. short-term rises in demand and/or declines in the supply of tin have occurred over time, but there is no reason to worry about running out of this resource in the foreseeable future. c. the demand for tin has been rising and the world will run out of tin in the future unless there is a reversal of this trend. d. the market price of tin will rise as miners discover more tin.
If GDP is $36,000 and velocity is 3, the money supply is
A. $27,000. B. $12,000. C. $4,000. D. $3,000.