Which of the following would NOT be included as final product when computing GDP for the United States?
a. An imported Zenith television, purchased by an American consumer in New York, produced in a U.S.-owned plant in Singapore using parts produced in Singapore.
b. A Honda lawn mower produced in a Japanese-owned plant in North Carolina using parts also produced in the United States.
c. A Boeing 757 airplane produced in the United States and purchased the same year by Japan Airlines for use in Japan.
d. An electric smelting furnace produced in a U.S. factory and purchased in the same year by the Billings Steel Company in Alabama for use in the production of steel.
a. An imported Zenith television, purchased by an American consumer in New York, produced in a U.S.-owned plant in Singapore using parts produced in Singapore.
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Thomas Schelling's most notable work dealt with ________, which lead to his advising role for the film Dr. Strangelove
A) neighborhood segregation B) nuclear annihilation C) medical malpractice D) psychotherapy
Between 1972 and 1999, the majority of loans to HIPC countries went to regimes considered "not free," and between 1985 and 1995, to places that were considered "corrupt" by international organizations
Indicate whether the statement is true or false
Which can be negative?
A. only the nominal rate of interest B. only the real rate of interest C. both the nominal and real rates of interest D. neither the nominal nor the real rate of interest
Depreciation
a. does not change the level of capital in the economy. b. is the decrease in the capital stock because of wear and tear c. is also known as capital consumption. d. Both answers B and C are correct.