In the United States in the early 1980s, there was a government budget
a. surplus and a trade surplus.
b. deficit and a trade deficit.
c. surplus and a trade deficit.
d. deficit and a trade surplus.
b
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Transfer payments are not part of government expenditure on goods and services because transfer payments
A) are not predictable given the nature of their appropriation and allocation. B) do not represent the purchase of a final good or service. C) are not always spent on goods produced in the U.S. D) The premise of the question is incorrect because transfer payments are part of government purchases of goods and services.
Consumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is $2 million, government purchases are $10 million, and net export spending is $2 million. What is GDP?
A) $15 million B) $23 million C) $25 million D) $27 million
A slowing U.S. economy and increased enforcement of immigration laws will reduce ________ factors for Mexican immigration to the United States
A) demand growth B) demand pull C) supply push D) supply growth E) network
All else equal, if the interest rate is 5%, what is the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years?
A. $10,500,000 B. $12,462,210 C. $13,085,321 D. $20,000,000