Use the following table to answer the next question.The table shows a private open economy (no government). All figures are in billions of dollars.Real GDPC + INet Exports$400$420$20450460205005002055054020600580206506202070066020The equilibrium real GDP is
A. $600.
B. $700.
C. $650.
D. $550.
Answer: A
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Which of the following statements is true?
A. Treasury bills mature in 2 to 10 years. B. Treasury notes mature in 13 or 26 weeks. C. Treasury bills, notes, and bonds are considered to be very safe investments. D. Municipal bonds are issued to help the federal government build new projects such as highways and stadiums.
The aggregate production function shows the quantity and quality of resources used in production given the efficiency with which resources are utilized and the prevailing technology
Indicate whether the statement is true or false
Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. What happens if Max receives a $100 cash grant to buy either meat or chicken?
A) Max will double his consumption of both meats. B) Max will spend it all on burger. Because of its lower price, he can buy more of it. C) Max will take advantage of the gift by buying all chicken because it is the more expensive meat. D) There is not enough information to answer the question.
The demand curve for capital is ____ and its supply curve is ____
a. downward sloping; downward sloping b. upward sloping; upward sloping c. downward sloping; upward sloping d. upward sloping; downward sloping