In economics, the term "investment" refers to the purchase of stocks and bonds.
Answer the following statement true (T) or false (F)
False
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Which of the following would increase the consumption component of U.S. GDP?
A. You purchase a bottle of California wine. B. A restaurant in Denver purchases a bottle of California wine to include on its wine list. C. The U.S. government buys a bottle of California wine to serve at a state dinner in the White House. D. A person in Paris purchases a bottle of California wine.
Refer to the diagram. If the full-employment GDP is Y 5 , government should:
A. incur neither a deficit nor a surplus.
B. cut taxes and government spending by equal amounts.
C. reduce taxes and increase government spending.
D. increase taxes and reduce government spending.
In Obamacare (the Affordable Care Act) gives low-income families
A) vouchers for healthcare. B) subsidies to buy private healthcare insurance. C) full access to Medicaid. D) full access to Medicare..
Which of the following is an example of a renewable natural resource?
a. fish b. soybeans c. wood d. All of the above are correct.