Which of the following equations correctly measures GDP in an economy?
A) GDP = C + I + G + NX B) GDP = C + I + G + X
C) GDP = C + net I + G + NX D) GDP = C + G + I - taxes
A
You might also like to view...
Which of the following is an empirical issue?
A) The degree to which investment will decline as the interest rate rises. B) The assumptions of the simple quantity theory of money. C) The predictions of the simple quantity theory of money. D) The degree to which wages are flexible. E) a and d
States can allow exceptions to Temporary Aid to Needy Families' (TANF) 60-month rule for up to 20% of recipients.
Answer the following statement true (T) or false (F)
During the course of an economic contraction, it is likely that a country would experience
A) a currency depreciation as explained by the absorption approach. B) a currency appreciation as explained by the absorption approach. C) a currency depreciation as explained by the elasticities approach. D) a currency appreciation as explained by the elasticities approach.
In macroeconomic analysis, a transfer payment is considered a
a. positive tax. b. fixed tax. c. negative tax. d. variable tax.