The measure of production that values production using current prices is called
A) value-added GDP.
B) nominal GDP.
C) real GDP.
D) underground GDP.
Answer: B
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A firm that engages in price discrimination must be able to identify the preferences of every
customer it serves. Indicate whether the statement is true or false
A theory of saving is necessarily a theory of consumption, because ________
A) by definition, any unit of disposable income that is not a consumption expenditure is a unit of saving B) consumption decisions are made after saving has occurred C) private saving is equal to private investment D) the goal of consumption choices is to achieve the desired level of savings
With regard to the national debt, to whom does the federal government owe money?
a. Taxpayers. b. Federal government workers. c. The Federal Reserve System. d. Investors who buy U.S. Treasury bills, bonds, and notes.
Which of the following is far more likely to be an important part of actual production in the Sudan than it is in the United States?
A. Government deficit spending B. Non-market transactions C. Underestimating saving D. All of the options are correct