Which of the following statements is correct?
A. Export sales are not important to U.S. industries because U.S. GDP is so large.
B. Many U.S. industries are very dependent on export sales.
C. The United States is increasingly dependent on exports, but not on imports.
D. The United States would not be affected if it quit importing goods.
B. Many U.S. industries are very dependent on export sales.
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Actual real GDP will be above potential GDP if
A) inflation is rising. B) firms are producing below capacity. C) firms are producing at capacity. D) firms are producing above capacity.
Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. Kate decides to play the second game. Her probability of pulling out a green marble is:
A. 10 percent. B. 40 percent. C. 50 percent. D. 75 percent.
The nominal value of GDP is:
a. expressed in monetary values adjusted for inflation b. expressed in monetary values that are not adjusted for inflation. c. expressed in numeric values that does not correlate to a monetary term. d. expressed as a ratio between the value of consumption expenditure and the value of investment expenditure.
If a person is going to borrow $360,000 for a home and pay it off in monthly payments of $4,552.00 for 30 years, the internal rate of return is
A. 15%. B. 0%. C. 5%. D. 10%.