In the economy of Talikastan in 2015, exports were $200, GDP was $2000, government purchases were $200, imports were $270, and investment was $500 . What was Talikastan's consumption in 2015?
a. $830
b. $1230
c. $1370
d. $1770
c
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In the old Chesapeake colonies, tobacco leaves were used to make payments and to pay fines and taxes. Which of the following problems would it be most likely to have had as a form commodity money?
a) Its value was not easy to determine. b) It was not durable. c) It was not divisible. d) It was not readily accepted by many people.
If the nominal deficit is $100 billion, inflation is 10 percent, and total debt is $2 trillion, then the real deficit is:
A. ?$20 billion (a surplus). B. $100 billion. C. $20 billion. D. ?$100 billion (a surplus).
Refer to the information provided in Table 25.8 below to answer the question(s) that follow.Table 25.8
Refer to Table 25.8. If the required reserve ratio were changed to 10% and Alamo Bank continues to hold $1,200,000 in reserves, its excess reserves will be
A. $150,000. B. $300,000. C. $600,000. D. $900,000.
If Ferdinand prefers a Big Mac to a Whopper and a Whopper to a hotdog, but is indifferent between a Big Mac and a Quarter Pounder he must
A. prefer a Quarter Pounder to a hotdog. B. prefer a Whopper to a Quarter Pounder. C. be indifferent between a Whopper and a hotdog. D. be indifferent between a Quarter Pounder and a Whopper.