The only component of GDP which can have a negative value is
A. consumption expenditures.
B. net exports.
C. government spending.
D. private investment expenditures.
Answer: B
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Automatic payroll deductions help people to fight ____________________ .
Fill in the blank(s) with the appropriate word.
GDP is supposed to measure
A) the volume of production within a country's borders. B) the volume of services generated within a country's borders. C) the volume of production of a country's output. D) GNP plus depreciation. E) net unilateral transfers from foreigners.
Automatic stabilizers will shift the government budget toward
a. a surplus during both expansions and contractions. b. a deficit during both expansions and contractions. c. a surplus during an expansion and a deficit during a contraction. d. a surplus during a contraction and a deficit during an expansion.
What is total revenue for a firm?
What will be an ideal response?