National saving equals private saving plus government saving, which in turn equals
A) C + S + T.
B) GDP + C + G.
C) GDP + NFP.
D) GDP + NFP - C - G.
D
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The effect of government spending or tax cuts on national income is measured by the:
A. aggregator. B. output gap. C. multiplier. D. tax rate.
In 2009, _________ became the world's largest exporter.
A. Germany. B. China. C. Japan. D. Russia.
The person hired by a corporation's board of directors to run the day-to-day operations of the corporation is known as the
A) chairman of the board. B) chief executive officer. C) owner-manager. D) corporate governor.
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease