The government's chief forecasting gauge for business cycles is the chained real GDP indicators
a. True
b. False
Indicate whether the statement is true or false
False
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In the figure above, when the price of a CD is $8.00, total producer surplus from all the CDs will be
A) zero. B) greater than at $10.00 per CD. C) $20 million. D) $10 million.
Intellectual property rights protection is a critical issue for the pharmaceutical industry among others
Indicate whether the statement is true or false
Most flat tax proposals call for exempting income to a certain minimum level
a. True b. False Indicate whether the statement is true or false
Which of the following four elements contribute to GDP in the expenditure approach?
a. Consumption spending, private investment, government purchases, net exports b. Consumption spending, business investment, government purchases, imports c. Consumption of services, private investment, government consumption, exports d. Consumption of goods, private investment, government investment, government consumption e. Consumption of durable goods, private investment, government purchases, net exports