The Bureau of Economic Analysis refers to the difference between the values for GDP and GDI as
A) gross national product.
B) net factor payments.
C) transfer payments.
D) the statistical discrepancy.
D
You might also like to view...
The capital and financial account is the record of
A) the nation's imports and exports of capital goods. B) foreign investment in the nation minus the nation's investment abroad. C) a nation's international trading, borrowing, and lending. D) changes in the government's holdings of foreign currency. E) payments for imports, receipts for exports, net interest, and net transfers.
Hurricane Katrina damaged a large portion of oil refining and pipeline capacity in the Gulf coast states. In the market for gasoline,
A) the demand curve shifted to the left resulting in a decrease in the equilibrium price. B) the demand curve shifted to the right resulting in an increase in the equilibrium price. C) the supply curve shifted to the left resulting in an increase in the equilibrium price. D) the supply curve shifted to the right resulting in an increase in the equilibrium price.
In the short-run macro model, cyclical unemployment
a. will be eliminated once the equilibrium output level is reached b. is caused by an economic expansion c. occurs when the economy is overheated d. is caused by too much spending e. results from insufficient spending
A substitute is a good or service:
a. that can be used in place of another good or service. b. used with another good or service. c. that cannot be replaced with another good or service. d. that can have no demand for itself.