Which of the following will have the smallest dollar value?
A. net domestic product
B. personal income
C. disposable personal income
D. national income
Answer: C
You might also like to view...
Suppose the economy is currently operating at potential output; an expansionary gap may be caused by each of the following except:
A. a positive demand shock B. a positive inflation shock C. an increase in govt spending D. an increase in the inflation rate
Gross Investment 18 National Income 100 Net Exports 2 Personal income 85 Personal Consumption Expenditures 70 Saving 5 Government Purchases 20 Net Domestic Product 105 Statistical Discrepancy 0 Refer to the above data. Disposable income is:
a) $83. b) $73. c) $75. d) $77.
Which of the following statements is false?
A) Economists who advocate discretionary monetary policy argue that it is more likely to achieve the desired economic results because the monetary authority has the flexibility to shape the best monetary policy to the existing circumstances. B) Here is an example of zero crowding out: The government spends $100 more and the private sector doesn't spend any less. C) Here is an example of complete crowding out: The government spends $100 more and the private sector spends $100 less. D) Not all economists believe that rule-based monetary policy is preferable to discretionary monetary policy. E) none of the above
Farming in poor countries is considered to be:
A. cost intensive. B. labor intensive. C. capital intensive. D. production intensive.