Net national product + ________ = ________
A) net interest; gross domestic product
B) depreciation; gross national product
C) depreciation; private disposable income
D) private disposable income; gross national product
E) none of the above
B
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Refer to the figure above. Domestic producers gain ________ because of the tariff
A) $5 B) $62,500 C) $15 D) $125,000
Structural policy refers to:
A. policy directed toward increasing exports and reducing imports. B. decisions to determine the government's budget. C. government policies aimed at changing the underlying structure or institutions of the economy. D. the determination of the nation's money supply.
An increase in Social Security payments to retired persons has what effect on equilibrium income?
A. GDP will fall. B. GDP will rise. C. GDP will remain the same. D. GDP will fall by less than the increase in payments.
We began running consecutive annual trade deficits
A. before we began running current account deficits. B. at the same time we began running current account deficits. C. after we began running current account deficits.