The measurement system used by the U.S. government to estimate national income is
A. the GDP deflator.
B. the sum of consumption plus investment expenditures.
C. the sum of financial transactions, transfer payments and secondhand goods.
D. national income accounting.
Answer: D
You might also like to view...
A country gains from international trade if its post-trade ________ point lies outside its production possibility frontier
A) production B) autarky C) consumption D) All of the above
In the 20th century, one of the icons of achievement was ___________ who flew the first plane over the Atlantic Ocean, nonstop, from the U.S. to Europe
a. James Fichon b. F. Scott Fitzgerald c. Charles Lindbergh d. Eleanor B. Earhart
Fixed costs are costs paid for:
a. medical reimbursements and health insurance of workers. b. obsolete plant and equipment not used anymore. c. plant and equipment in the long run. d. hiring temporary workers. e. resources that do not change with changes in output.
The rate of interest that the Federal Reserve charges on loans to member banks is the:
a. open market rate. b. federal funds rate. c. discount rate. d. prime interest rate. e. reserve lending rate.