Which of the following is included in GDP?
a. burglar alarm purchases
b. crime
c. traffic congestion
d. income equality
a. burglar alarm purchases
You might also like to view...
Suppose that at some point the spot exchange rate is equal to 100 yen per one U.S. dollar, while the interest rate in dollars is 6% and the interest rate in yen is 1%. What is the approximate forward rate that is consistent with this situation?
A) 95.3 yen per dollar B) 105 yen per dollar C) 107 yen per dollar D) 92 yen per dollar
Both Diana and Sarah like jazz music and music by the Beatles. Diana likes music by the Beatles much better than jazz music, whereas Sarah prefers jazz music to music by the Beatles. If we were to graph an indifference curve with CDs by the Beatles on the horizontal axis and jazz CDs on the vertical axis, then
a. Diana and Sarah would have identical indifference curves. b. Diana's indifference curve would be steeper than Sarah's indifference curve. c. Sarah's indifference curve would be steeper than Diana's indifference curve. d. We do not have enough information to compare their indifference curves.
Which of the following is a price ceiling/ cap?
A. A regulation requires cable service to be provided for no more than 30$ a month B. Walmart promises to have the lowest prices C. Winco Foods sells organic milk at 8$ per gal D. A regulation sets the minimum price of ethanol at 50 cents per gal
Which statement is an objection of using the Consumer Price Index (CPI) to measure changes in the cost of living?
A. The calculated inflation rate is only accurate for an individual who purchases all the goods and services in the basket. B. The inflation rate is always understated due to substitution bias.