In a closed economy, which of the following components of GDP is not included?
A) net exports B) consumption
C) investment D) government spending
A
You might also like to view...
Other things the same, if the Fed increases the quantity of money, the ________ because ________
A) nominal interest rate decreases; the supply of money curve shifts rightward B) nominal interest rate increases; the supply of money curve shifts rightward C) nominal interest rate does not change; only the real interest rate is effected D) nominal interest rate decreases; the supply of money curve shifts leftward E) nominal interest rate increases; the supply of money curve shifts leftward
Resource price differentials that trigger the reallocation of resources so as to equalize payments for similar resources are known as
a. permanent differentials b. trigger price differentials c. reallocation differentials d. equal differentials e. temporary differentials
Economists before Keynes assumed that equilibrium GDP occurred
a. automatically. b. only with the help of government stabilization. c. if spending was generally greater than output. d. only in socialist economies with central planning.
The buying and selling of foreign currency is known as:
a) foreign exchange. b) foreign trade. c) the balance of payments. d) the capital account.