Refer to the table above. If investment expenditure falls by $10,000 in the next year, ________, all other variables remaining unchanged
A) gross domestic product will fall to $467,000 B) gross domestic product will fall by $10,000
C) gross domestic product will increase by $10,000 D) gross domestic product will increase to $500,000
B
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The U.S. current account equals
A) U.S. exports - U.S. imports - net income from foreign investments + net transfers from abroad. B) U.S. exports - U.S. imports + net income from foreign investments + net transfers from abroad. C) U.S. exports + U.S. imports + net income from foreign investments + net transfers from abroad. D) U.S. imports - U.S. exports + net income from foreign investments + net transfers from abroad.
Suppose that you find out from an L.L. Bean catalogue that a sweater costs $30.00. In this case, money is serving as a
A) medium of exchange. B) unit of account. C) store of value. D) double coincidence of want.
When a producer is operating efficiently it is producing:
A. at a point on its production possibilities frontier. B. at a point on or under its production possibilities frontier. C. only one good. D. the good in which it has an absolute advantage.
Which of the following is most likely to cause a rightward shift of the investment demand curve?
a. An increase in income b. A decrease in the market interest rate c. An improvement in business expectations d. An increase in the market rate of interest e. A decrease in income