Stock market transactions are part of GNP.
Answer the following statement true (T) or false (F)
False
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When a telemarketer calls you about a product, this is an example of
A) direct marketing. B) indirect marketing. C) searching for a good. D) persuasive marketing.
To minimize the effect of short-term political pressure on the Fed's Board of Governors, the governors are all appointed to their terms: a. in different years, and their terms are long
b. in different years, and their terms are short. c. in the same year, and their terms are long. d. in the same year, and their terms are short. e. in the same year, and their terms are shorter than that of the chairman of the Federal Reserve Board.
By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP. B. to just under $500 billion. C. to $800 billion. D. down to 80 percent of GDP.
Which of the following correctly describes real GDP?
a. Real GDP is GDP after subtracting spending on frivolous items like candy, movies, and toys. b. Real GDP is GDP after subtracting false growth induced by imported goods. c. Real GDP is GDP after adding export sales to foreign countries. d. Real GDP is GDP after subtracting out the effects of inflation.