The table above gives data for the nation of Mosh. If we graphed these data, we would see that when GDP equals
A) $10 trillion, the AE curve intersects the 45° line.
B) $9 trillion, the AE curve intersects the 45° line.
C) $6 trillion, the AE curve is below the 45° line.
D) $10 trillion, the 45° line is above the AE curve.
E) $4 trillion, the AE curve intersects the 45° line.
B
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Which of the following transactions would not be included in the current account of the home country?
A) A consumer good is imported into the home country. B) A home country resident makes a deposit in a foreign bank. C) A foreign student pays tuition to a university in the home country. D) A home country resident receives income on his or her foreign assets.
The after-tax income received by the household sector is known as ________
A) disposable income B) retained earnings C) net national product per capita D) Gross Domestic Product
If the dollar-pound exchange rate is $1.00 per pound, then a shirt priced at 25 pounds will cost an American
a. $25 b. $50 c. $26 d. $27 e. an amount that cannot be calculated without additional information.
Which one of the following does NOT contribute to economic growth?
A. the growth of the capital stock B. increases in the price level C. the growth of the labor productivity D. the growth of capital