Gross national product is defined as
A) the value of final goods and services produced by residents of the United States even if the production takes place outside of the United States.
B) the value of final goods and services produced within the United States, by United States residents.
C) the value of final goods and services produced outside of the United States.
D) the value of final goods and services produced within the United States.
A
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Which of the following does not take place in the direct finance market?
A) Ownership in corporations is sold in the form of preferred stock. B) Ownership in corporations is sold in the form of common stock. C) Corporate bonds are sold to savers. D) Deposits from savers are accumulated and loans made to borrowers.
If planned investment changes as interest rates change, then
A) autonomous consumption changes. B) autonomous investment changes. C) total expenditures and output changes. D) the marginal leakage rate changes.
The graph above might represent the ________
A) response to an increase in the fraction of the population engaged in research and development B) response to a rise in the productiveness of research and development C) response to an increase in the total population D) response to a rise in the saving rate
One World View article is titled "Comparative Macro Performance." According to the text, of the six countries listed, ________ experienced the fastest growth in real GDP.
A. The United Kingdom B. Canada C. Japan D. The United States