Wealth equals:
A. current income minus spending on current needs.
B. investment minus saving.
C. assets minus liabilities.
D. saving minus investment.
Answer: C
You might also like to view...
Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. 
The socially optimal level of output is ________ units per day.
A. G B. F C. H D. I
The contagion effect refers to the fact that
A) deposit insurance has eliminated the problem of bank failures. B) bank runs involve only sound banks. C) bank runs involve only insolvent banks. D) the failure of one bank can hasten the failure of other banks.
If an increase in the price of a product from $100 to $200 per unit leads to a decrease in the quantity demanded from 10 to 8 units, then demand is
a. elastic b. inelastic c. unit elastic d. 0 e. inferior
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and real GDP in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises and real GDP rises. b. The real risk-free interest rate falls, and real GDP rises. c. The real risk-free interest rate rises, and real GDP falls. d. The real risk-free interest rate and real GDP remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.