The relative importance of housing in the breakdown of consumer spending is
a. 42 percent.
b. 15 percent.
c. 6 percent.
d. 4 percent.
a
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Refer to the scenario above. Suppose Edwin consumes the total output produced. What is likely to happen in this case?
A) GDP will remain unchanged. B) GDP will decrease. C) Trade surplus will increase by $200. D) GDP will increase.
The bulk of Eurocurrency Market transactions are denominated in
A) Eurodollars. B) Eurosterling. C) Euroeuros. D) Euroyen.
Which of the following is the reason supply curves typically slope upward?
a. Opportunity cost of production increases as quantity supplied increases. b. Supply increases as opportunity cost decreases. c. Price increases as supply decreases. d. Quantity supplied is unrelated to price. e. The income and substitution effects of a price change.
Which of the following is a stock variable?
a. Saving b. Consumption c. Income d. Investment e. Money