The relation between growth, as measured in per capita income, and pollution, is
A. an inverted U.
B. a sideways S.
C. an upside-down W.
D. a backwards K.
Answer: A
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Consumption spending is $16 million, planned investment spending is $4 million, unplanned investment spending is $2 million, government purchases are $6 million, and net export spending is $1 million. What is aggregate expenditure?
A) $22 million B) $26 million C) $27 million D) $29 million
When the Fed purchases government securities, it:
a. has no effect on either the money supply or the discount rate. b. uses discounting operations to influence margin requirements. c. increases banks' reserves and makes possible an increase in the money supply. d. decreases banks' reserves and makes possible a decrease in the money supply. e. automatically raises the discount rate.
If China's economy maintains a 7% annual growth rate over the next 20 years, about how large will its economy be in 20 years if its current GDP is $12 trillion?
a) $24 trillion b) $29 trillion c) $36 trillion d) $48 trillion
Dividends are
A. corporate profits distributed to shareholders. B. promissory notes issued by corporations. C. government profits distributed among bondholders. D. capital gains realized by stockholders.