Using the saving-investment approach, which of the following describes an equilibrium condition of GDP?
a. I = X ? IM
b. S = X ? IM
c. I = S + (X ? IM)
d. S = I + (X ? IM)
d
Economics
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In the table above, the value of marginal product of the third unit of labor is
A) $3. B) $4. C) $12. D) $16.
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An increase in capital inflows will
A) increase the equilibrium exchange rate. B) increase net foreign investment. C) increase capital outflows. D) decrease capital outflows.
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A differential commodity tax is the same as an excise tax.
A. True B. False C. Uncertain
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