What is the GNP using the table shown? In billions of dollarsConsumption3,600Investment800Transfer payments750Government Purchases1,000Exports650Imports450Net foreign factor income?30
A. 6,220
B. 6,250
C. 5,570
D. 5,630
Answer: C
You might also like to view...
All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except
A) contracts make prices and wages sticky. B) unions are successful in pushing up wages. C) menu costs make some prices sticky. D) firms are often slow to adjust wages.
An insurance policy is a contract that:
a. benefits the parties if they have the same degrees of risk aversion. b. benefits the parties if both of them are risk neutral. c. benefits the parties if they have different degrees of risk aversion. d. benefits the parties if either of them is risk neutral.
If the discount rate increases
A) NPV does not change. B) NPV rises. C) NPV falls. D) investment also increases.
All of the following are tangible goods except: a. a skateboard
b. a desk. c. a train locomotive. d. fairness.