In which of the following ways can national savings be calculated?
A) By deducting net exports and government expenditure from total output
B) By deducting consumption and investment from total output.
C) By deducting consumption and government expenditure from total output
D) By deducting investment and government expenditure from total output
C
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Use the following information to answer the next question.C = A + .875(Y - T)A = $10,000I = $2,000G = $2,500T = $1,000NX = $1,025What will be the change in consumption if net exports decrease by $250?
A. Consumption will not change. B. Consumption will fall by $1,750. C. Consumption will rise by $218.75. D. Consumption will fall by $250.
Which of the following countries does NOT use the U.S. dollar as its official currency?
A) Panama B) El Salvador C) Ecuador D) Guatemala
A service like CARFAX, which provides a used car buyer with the complete history of a used car, is profitable because of the problem of asymmetric information
a. True b. False
Which of the following will shift the consumption function upward?
a. A tax increase. b. Higher capacity utilization rates. c. Higher disposable income. d. Lower wealth holdings. e. Expectations of inflation.