Government can raise GDP by $1,000 billion by
A. raising government purchases
B. reducing taxes
C. increasing transfer payments
D. all of the above
Answer: D
You might also like to view...
Which of the following is reflected in the gross domestic product (GDP)?
a. The value of leisure time b. The value of illegal goods and services c. The value of final goods produced by firms d. The cost of depletion of natural resources e. The value of house maintenance performed by homeowners
Which of the following contracts is considered self-enforcing?
a. An assurance provided by a lawyer to his/her client to win a case. b. A futures contract purchased through a NYSE broker. c. An agreement between two oligopolists to follow uniform pricing strategy. d. An agreement between two students to share assignment responsibility.
Increased productivity in the agricultural sector in conjunction with an inelastic demand curve for agricultural goods has caused a(n) __________ in output, a(n) __________ in price, and __________ revenues for farmers
A) increase; decrease; higher B) increase; decrease; lower C) decrease; increase; higher D) decrease; increase; lower E) increase; increase; higher
If a nation is going to achieve its full potential, it must have
What will be an ideal response?