Martin, a U.S. citizen, travels to Mexico and buys a newly manufactured motorcycle made there. His purchase is included in
a. both Mexican GDP and U.S. GDP.
b. Mexican GDP, but it is not included in U.S. GDP.
c. U.S. GDP, but it is not included in Mexican GDP.
d. neither Mexican GDP nor U.S. GDP.
b
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Net exports include goods produced
A) domestically that are sold abroad, less goods that are produced abroad that are sold domestically. B) domestically that are sold abroad, less goods produced domestically that are sold domestically. C) domestically that are sold domestically, less goods produced domestically that are sold abroad. D) abroad that are sold domestically, less goods that are produced domestically that are sold abroad.
Which of the following is a liability of a commercial bank?
a. Property and buildings owned b. Loans c. Government bonds held d. Cash in its vault e. Deposits at the bank
"As we consume increasing amounts of a good or service, we derive diminishing utility from each additional unit consumed" defines ______________________.
Fill in the blank(s) with the appropriate word(s).
Increases in ________ typically lead to decreases in consumption
A) the interest rate B) disposable income C) autonomous consumption D) all of the above E) none of the above