In 2016 final sales equal $200 billion, and the change in business inventories is $50 billion. GDP in 2016
A. is $250 billion.
B. is $200 billion.
C. is $150 billion.
D. is $40 billion.
Answer: A
You might also like to view...
A country with a real GDP per person similar to real GDP per person in the United States but with limited political freedom is generally considered to have
A) a lower standard of living than the United States. B) a larger Human Development Index because the other country still needs to develop more political freedom. C) the same standard of living as the United States. D) an understated GDP. E) an overstated nominal GDP.
If the U.S. dollar buys 50 Japanese yen, and 50 yen buy 75 Russian rubles, and 75 rubles buy 300 Israeli shekels, and the exchange rate of the dollar for the shekel is below 300,
a. there is an arbitrage opportunity b. the demand for all currencies (yen, ruble, shekel, dollar) will increase c. the market is in equilibrium d. the supply of all currencies (yen, ruble, shekel, dollar) will increase e. there is no possibility for arbitrage
A devaluation is a reduction in the official value of a currency.
Answer the following statement true (T) or false (F)
When a nation's international borrowing is positive, then its national saving ________ its national investment.
A) exceeds B) equals C) is less than