Which of the following would increase GDP?
a. buying a used car
b. buying a newly constructed house
c. buying an imported rug
d. giving a domestically produced rug to charity
B
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Refer to the scenario above. What is the quantity effect of the price change?
A) $1,400 B) $2,700 C) $5,400 D) $6,750
If a lower exchange rate spurs exports then why wouldn't it be a good idea of policymakers to intervene to push the exchange rate as low as they can?
What will be an ideal response?
In the Keynesian framework, as long as output is below the equilibrium level, unplanned inventory investment will remain ________ and firms will continue to ________ production
A) negative; lower B) negative; raise C) positive; lower D) positive; raise
If today $1 exchanges for ¥135, and tomorrow $1 exchanges for ¥150,we say the euro has:
a. appreciated. b. depreciated. c. stagnated. d. become inverted.