What is most likely used to create a common denominator between countries’ GDP in the long run?
a. GDP deflator
b. market exchange rate
c. purchasing power parity
d. nominal value
c. purchasing power parity
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Consider the above figure. Autonomous consumption, in this scenario, is equal to
A) $30. B) $80. C) $60. D) $40.
The concept of improving work methods in the home is known as:
a. Satisficing b. Optimization c. Work Simplification d. Re-inventing
Diversification is the principle of:
A. eliminating risk. B. eliminating investments from our portfolio that have idiosyncratic risk. C. reducing the risk we carry to just two. D. holding more than one asset to reduce risk.
Purchases of foreign assets by U.S. residents are tabulated in the U.S. balance of payments as a:
A. capital inflow. B. capital outflow. C. current account outflow. D. unilateral transfer.