In 2008, the value of the stocks listed on the New York Stock Exchange decreased tremendously. As a direct result:
A. U.S. GDP declined by the amount of the stock market decline but U.S. GNP was unaffected.
B. both U.S. GDP and U.S. GNP declined by the same amount.
C. neither U.S. GDP nor U.S. GNP were affected.
D. U.S. GNP declined by the amount of the stock market decline but U.S. GDP was unaffected.
Answer: C
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A) point C to point B. B) point B to point C. C) point A to point B. D) point B to point A. E) point A to point C.
Under a tradable pollution permits system (cap and trade), government _____________ the amount of pollution, ___________________ what the price to pollute will be.
A. knows; and polluters immediately know B. doesn't know; and polluters don't immediately know C. knows; but polluters don't immediately know D. doesn't know; but polluters immediately know
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a. True b. False
Gross domestic product is officially measured by adding together the:
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