National income equals gross domestic product
A) minus the consumption of fixed capital. B) minus government transfer payments.
C) plus government transfer payments. D) plus sales taxes.
A
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What is typically used for cross country comparisons of GDP?
a. purchasing power parity (PPP) b. exchange rate c. GDP per capita d. GDP
A monopolist's profits with price discrimination will be _____ if the firm charged just one price
Fill in the blank(s) with the appropriate word(s).
If a country experienced deflation, then
a. the nominal interest rate would be greater than the real interest rate. b. the real interest rate would be greater than the nominal interest rate. c. the real interest rate would equal the nominal interest rate. d. nominal GDP would be smaller than the money supply.
Increases in longevity may contribute to the greater productivity of older creative individuals by allowing them more: