In the economy of Talikastan in 2015, exports were $500, GDP was $6400, government purchases were $1700, imports were $400, and investment was $1800 . What was Talikastan's consumption in 2015?
a. $2000
b. $2800
c. $3000
d. $3800
b
You might also like to view...
An individual's wealth constraint is determined by
a. the individual's level of education b. the facts that wealth is given and so she must give up one kind of wealth in order to acquire another c. overall conditions in the economy d. the amount of wealth the individual chooses to hold in the form of money e. the value of corporate stock
The main difference between new classical and new Keynesian theory is with respect to the assumption of
A) how expectations are formed. B) how flexible wages and prices are. C) the slope of the SRAS curve. D) the slope of the AD curve.
If the misery index is 12 and the inflation rate is 4 percent, we can conclude
A. The AD curve must be shifting to the right. B. The inflation rate will quickly rise by 8 percent. C. Monetary policy is not succeeding at keeping inflation low. D. The unemployment rate must be 8 percent.
Firms and governments pay interest to the lenders that purchase their bonds.
Answer the following statement true (T) or false (F)