The gross domestic product of Richland during a particular year was $672,500
If the expenditure on consumption during that year was $220,000, the expenditure on investment was $250,000, the expenditure incurred by the government was $100,000, and exports was $182,000, calculate the value of imports.
A) $40,000 B) $79,500 C) $100,750 D) $21,500
B
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Which anti-discrimination law prohibits discrimination against qualified individuals with disabilities who work in the federal government?
A) the Civil Rights Act of 1964 B) the Equal Employment Opportunity Act of 1972 C) the Americans with Disabilities Act of 1990 D) the Rehabilitation Act of 1973
What characteristic defines something as money?
A) assets declared by the government to be of value B) a medium of exchange widely accepted in an economy C) notes you can deposit in a savings account D) an asset that earns interest
Suppose a recession overseas reduces a country's exports. Which curve(s) in the aggregate demand and aggregate supply model would be affected, and which way would it (they) shift?
The labor demand curve of a firm that sells its product in a purely competitive market:
A. Is horizontal or perfectly elastic B. Is downsloping and flatter than the labor demand curve of a firm that sells its product in an imperfectly competitive (or monopolistic) market C. Is upsloping D. Is downsloping and steeper than the labor demand curve of a firm that sells its product in an imperfectly competitive (or monopolistic) market