Gross domestic product
a. is the sum of all exchanges of goods and services during a period.
b. includes financial transactions such as the purchase of stocks or bonds traded during a period.
c. is the sum of expenditures for both intermediate and final user goods.
d. is the sum of the total spending on all final-user goods and services produced domestically during a period.
D
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The government expenditure multiplier is used to determine the
A) amount aggregate supply is affected by a change in government expenditure. B) amount aggregate demand is affected by a change in government expenditure. C) extra scrutiny government action receives. D) amount private consumption is decreased by government expenditure. E) extent to which automatic stabilizers must be changed in order to avoid recessions.
Which of the following is an example of bundling?
A) a pair of pants B) a pizza and beer lunch combo C) a bicycle D) All of the above.
In a market economy, incomes would be very equal if there was no discrimination
a. True b. False Indicate whether the statement is true or false
The money for Social Security payments to current retirees comes from
a. payroll taxes collected from those retirees when they were working. b. income taxes collected from the current working population. c. payroll taxes collected from the current working population. d. only the interest earned now by the government on the invested Social Security trust fund.