The three methods for computing GDP include
a. the expenditure approach, the value-added approach, and the factor payments approach
b. the expenditure approach, the value-added approach, and the productivity approach
c. the productivity approach, the value-added approach, and the factor payments approach
d. the expenditure approach, the productivity approach, and the factor payments approach
e. the output approach, the productivity approach, and the factor payments approach
A
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During most of the years of the Great Depression, the actual federal budget was in ________, and the cyclically adjusted budget was in ________
A) surplus; surplus B) deficit; deficit C) surplus; deficit D) deficit; surplus
________ in the expected future domestic exchange rate causes the demand for domestic assets to shift to the right and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
All of the following are income in kind EXCEPT
A) government provided housing. B) government provided education. C) tips received by a waitress. D) goods produced in the home.
When borrowers who do not intend to repay are able to hide their bad credit histories, a lender's well-intentioned borrowers should
a. complain to regulatory authorities b. withdraw their loan applications c. offer more collateral in exchange for lower interest charges d. divulge still more information on their loan applications e. hope for a pooling equilibrium