A bank's liabilities are
A) included as part of the bank's reserves.
B) things owned by or owed to the bank.
C) things the bank owes to someone else.
D) a measure of the bank's net losses.
C
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An economy that grows too slowly fails to raise living standards
Indicate whether the statement is true or false
The nation of Hyperbole is in a recession, and the government decides to increase taxes and reduce government spending to reduce the growing deficit. This will ________ aggregate demand and will likely ________ real GDP and employment
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase
In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the unemployment rate?
A. 6 percent B. 5 percent C. 7 percent D. 4 percent
The following table provides data for an economy in a certain year.Consumption expenditures50Imports40Government purchases of goods and services20Construction of new homes and apartments30Sales of existing homes and apartments40Exports50Government payments to retirees10Household purchases of durable goods20Beginning-of-year inventory10End-of-year inventory20Business fixed investment30Given the data in the table, compute the investment component of GDP.
A. 40 B. 60 C. 30 D. 70