If imports are $100 million less than exports, government expenditures are $500 million, consumer expenditures are $1 billion, and gross investment spending is $500 million, then GDP is
A) $1 billion.
B) $1.9 billion.
C) $2 billion.
D) $2.1 billion.
D
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Refer to the table above. If the firm is a monopolistic competitor, what is the equilibrium price charged by the firm?
A) $77 B) $80 C) $65 D) $57
Which of the following is the largest component of the assets of the Federal Reserve?
a. U.S. Treasury deposits b. U.S. government securities c. Foreign exchange d. Time deposits e. Checkable deposits
A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I - 2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are: 
Given the above, these estimates indicate that the second quarter change in sales is
A. 24.5 units higher in the second quarter than in the other three quarters. B. 1.86 units higher in the second quarter than in the other three quarters. C. 2.00 units higher in the second quarter than in the other three quarters. D. 22.5 units higher in the second quarter than in the other three quarters.
The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($940); personal consumption expenditures ($4,920); imports ($170); exports ($133); gross private domestic investment ($640). What is GDP in this economy?
a. $6,633 billion b. $6,463 billion c. $6,500 billion d. $6,537 billion