Private disposable income equals
A. national income - taxes + transfers + interest.
B. GNP - taxes + transfers + interest.
C. national income - taxes - transfers + interest.
D. NNP - taxes + transfers + interest.
Answer: B
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Other things remaining the same, a decrease in inflationary expectations causes the velocity of money to:
a. Rise. b. Fall. c. Not change.
Which one of the following is not a benefit of adopting a single currency?
(a) Reduced transaction costs. (b) Increased price transparency. (c) Lower interest rates. (d) Reduced exchange rate uncertainty.
Which of the following examples shows product differentiation?
a. When Carrie buys bananas, she doesn’t care what company produced them. b. An automotive oil provides that same benefits for a car as other brands. c. A grocery clerk says his store’s produce is at least as good a nearby supermarket. d. An ad emphasizes how a laundry detergent cuts grease better than other brands.
The difference between standard deviation and value at risk is:
A. standard deviation reflects the spread of possible outcomes where value at risk focuses on the value of the worst outcome. B. value at risk is expected value times the standard deviation. C. value at risk is a more common measure in financial circles than is standard deviation. D. nothing, they are two names for the same thing.