Figure 3-22
a
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If the interest rate on a security consists only of the riskless rate, then
A) there is no uncertainty. B) velocity is constant. C) the money supply is fixed. D) the price level is fixed.
Which of the following are not counted as household income in determining whether or not a household is below the official poverty line?
a. In-kind transfers such as food stamps, Medicaid, and housing subsidies b. Cash transfer payments made when a worker becomes unemployed c. Cash transfer payments such as from social security d. Medicare payments
Which of the following does GDP omit?
A) Jack purchases $2,300 worth of stock in company X. B) Bob mows his lawn and washes and irons his shirts. C) Helen receives $4,000 a year in Social Security payments. D) a and b E) a, b, and c
The foreign exchange rate
A. is not relevant when comparing the GDPs of various countries. B. is the price of one currency in terms of another. C. is the same as the price of a product in U.S. dollars. D. is the price of one good or service as compared to a similar good or service.