Sam, an American citizen, prepares meals for his family at home. Ellen, a Canadian citizen, commutes to the U.S. to help prepare meals at a restaurant in Idaho. Whose value of services preparing meals is included in U.S. GDP?
a. Sam's and Ellen's.
b. Sam's but not Ellen's.
c. Ellen's but not Sam's.
d. Neither Sam's nor Ellen's.
c
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When a(n) ________ in investment increases consumption and real GDP, part of the increase in expenditure is on ________, not ________ goods and services
A) increase; exports; U.S.-produced B) decrease; exports ; U.S.-produced C) increase; imports; U.S.-produced D) increase; imports; foreign-produced E) decrease; imports; U.S.-produced
Why are bonds risky to a corporation?
The unemployment rate measures the:
a. percentage of the labor force who are not working but looking for work. b. percentage of the labor force who have failed to find work in the last 2 months. c. percentage of working adults lacking proper technical skills. d. percentage of the labor force incapable of productive work.
Which person would most likely be eligible to receive Medicare?
A. A student attending a state university B. A person receiving Social Security benefits C. A part-time worker at a manufacturing company D. A U.S. college professor teaching in another country