The approach used in the U.S. to measure the economy's aggregate performance is
A) the total value of securities.
B) national income accounting.
C) to add up the value of intermediate goods.
D) to add up the total value of financial transactions, transfer payments, and secondhand goods.
E) all of the above.
B
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According to the World Bank, remittances from its workers abroad accounted for what portion of Mexico's GDP in 2011?
A. 1% B. 3% C. 10% D. 20%
Refer to the table above. When does diminishing marginal returns to capital set in?
A) When the second machine is used B) When the third machine is used C) When the fourth machine is used D) When the fifth machine is used
Exchange rates are for currency what:
a. c, d and e. b. discounts are for sales. c. interest is for capital. d. prices are for apples. e. wages are for labor.
The purchases made by the foreign sector are called __________; the purchases made by the household sector are called __________; the purchases made by the government sector are called __________; and the purchases made by the business sector are called investment
A) net exports; consumption; net interest B) net exports; domestic spending; government purchases C) net exports; consumption; government purchases D) exports; domestic spending; government product E) imports; consumption; government expenditures