Government spending equals the sum of _____, _____, and _____
a. taxes; changes in the reserves of the central bank; changes in net exports
b. taxes; change in government debt; change in government-issued money
c. taxes; public expenditures; private deductible expenditures
d. public expenditures; business investment; change in government debt
e. public debt; welfare expenditures; social security expenditures
b
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Oil price hikes
A) decrease aggregate supply. B) decrease aggregate demand. C) increase aggregate supply. D) increase aggregate demand. E) increase potential GDP.
Does the strength of each of the five competitive forces from Michael Porter's model remain constant over time? Briefly explain
What will be an ideal response?
Twenty-four years before CUSTA, another agreement between the same countries covered trade in
A) textiles. B) steel. C) autos. D) agriculture. E) telecommunications.
Which of the following accurately indicates how the recent outbreaks of terrorism have influenced the GDP of western nations?
a. Additional expenditures on security designed to protect individuals from terrorist attacks are subtracted from GDP. b. Additional expenditures on security designed to protect individuals from terrorist attacks are added to GDP as part of output. c. Since expenditures on the prevention of terrorism do not contribute to the well-being of individuals, they exert no impact on GDP. d. Since terrorism is merely a redistribution of output, expenditures on the prevention of terrorism do not contribute to GDP.