Total spending on final goods and services in an economy must equal total:
A. production value.
B. revenues from all transactions.
C. profits.
D. investment.
Answer: A
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Use the following table to answer the next question. The base year is 2007.YearHot DogsBaseballsBottles of Beer?PriceQuantityPriceQuantityPriceQuantity2005$2.50100$2.5050$1.0010020064.001005.001002.0015020075.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Inflation for the year 2008 is
A. 80%. B. 76.5%. C. 71%. D. 50%.
A few economies have the interesting characteristic that exports are more than 100 percent of the economy's GDP. How is this possible?
What will be an ideal response?
When accounting profits are positive, economic profits could be:
A. positive. B. negative. C. zero. D. All of these are possible.
Which of the following is a characteristic of most offshore financial centers?
A) strict domestic regulation B) minimal banking activities C) large foreign currency markets D) nominal or non-existent tax rates