We ADD to the GDP when goods produced abroad are sold in the United States.
Answer the following statement true (T) or false (F)
False
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If the U.S. dollar increases in value relative to other currencies, how does this affect the aggregate demand curve?
A) This will shift the aggregate demand curve to the right. B) This will move the economy down along a stationary aggregate demand curve. C) This will move the economy up along a stationary aggregate demand curve. D) This will shift the aggregate demand curve to the left.
One criticism of the corporate income tax is that
A) it is too regressive. B) it is too flat. C) it is so complex to administer that corporate income taxes are rarely collected by the Internal Revenue Service. D) a portion of the corporations' tax burden is passed on to consumers via higher prices for goods and services and to workers via lower wages.
If population grows faster than GDP, then per capita GDP must fall
a. True b. False Indicate whether the statement is true or false
A country that has had success with export-led growth policy is:
A. North Korea. B. South Korea. C. Russia. D. Liberia.