Which of the following countries had the highest GDP per capita in 2014?
A) Norway B) United States C) Japan D) Qatar
D
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Suppose the government increases government spending and increases taxes by the same amount to pay for it. We would predict ________.
A. real GDP will increase B. the effect on real GDP depends on the size of the MPC C. real GDP will fall D. real GDP will not change
Refer to the scenario above. Which country has the lowest income per capita in PPP-adjusted dollars?
A) Country 1 B) Country 2 C) Country 3 D) Country 4
Stocks and bonds:
a. Are both components of gross private domestic investment. b. Are not a part of gross private domestic investment, because to include them would be double counting a nation's assets and liabilities. c. Are not a part of gross private domestic investment, because to include them would be double counting a nation's personal consumption and investment. d. Are not a part of gross private domestic investment, because they are a part of financial services, which are a separate component of GDP. e. None of the above.
A demand curve is downward-sloping because as the price of a good falls, demanders will substitute some other good for that good whose price has fallen.
Answer the following statement true (T) or false (F)