Which of the following is not a component of GDP in the expenditures approach?
A. Workers' wages and other compensation
B. Government purchases
C. Gross private domestic investment
D. The difference between exports and imports
Answer: A
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Refer to the scenario above. If India wants to repay a lower sum of money to the U.S., it should:
A) peg the exchange rate below 50 rupees per dollar. B) peg the exchange rate to 60 rupees per dollar. C) continue to use a flexible exchange rate regime. D) peg the exchange rate to 70 rupees per dollar.
When the average total cost is at its minimum, it is:
a. equal to average variable cost. b. greater than marginal cost. c. equal to average fixed cost. d. equal to marginal cost. e. less than marginal cost.
When GDP decreases, consumption spending increases.
Answer the following statement true (T) or false (F)
Typically a firm's "economic profit" will be
What will be an ideal response?