A statistical discrepancy
a. exists because data sources are not perfect, so measures of expenditures and income are not equal.
b. insures that GDP will approximately equal GNP.
c. explains the close association between GDP and quality of life measures such as literacy and life expectancy.
d. explains the inadequacy of GDP in capturing the value of leisure and the value of a clean environment.
a
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Use the information in the following table to answer the next question.Money SupplyMoney DemandInterest RateInvestment (at interest rate shown)$400$6002%$7004005003600400400450040030053004002006200The equilibrium interest rate in this economy is ________.
A. 3% B. 4% C. 5% D. 6%
Describe the advantages that a negative income tax has over other programs designed to aid the poor
Assume a market price gets set artificially low-that is, it gets set below the equilibrium price. This change means:
A. Some producers drop out of the market, and those left lose some surplus. B. Every consumer gains surplus, due to the lower price now being charged. C. Every producer loses surplus, and it all gets transferred to consumers. D. None of these is true.
The Federal Register
A) itemizes state and local government spending. B) is used to track immigration. C) publishes all the new federal regulatory rules. D) has decreased in size.