The largest portion of any nation's current account is typically
A) imports and exports.
B) gold sales.
C) the sale of U.S. assets.
D) SDRs.
A
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In 1933, net private domestic investment was negative $6.0 billion. This means that ________.
A. gross private domestic investment exceeded depreciation by $6.0 billion B. the production of 1933's GDP used up more capital goods than were produced in that year C. the economy was expanding in that year D. the economy produced no capital goods at all in 1933
Taking some types of spending "off budget" means
A) eliminating that spending. B) financing the spending by special one-time taxes. C) borrowing to finance it instead of using tax revenue. D) not counting that spending as part of the official budget.
In a proportional tax system each individual would pay the same percentage of his or her income in taxes
a. True b. False Indicate whether the statement is true or false
In which industry or sector of the economy is output least likely to be affected by the business cycle?
A. Housing construction B. Automobile production C. Agricultural commodities D. Capital goods production