If C = $500, I = $150, G = $100, NX = $40, and GNP = $800, how much is NFP?
A. $5
B. $10
C. -$5
D. -$10
Answer: B
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A market structure in which only one seller of a product exists is known as
a. a monopoly. b. monopolistic competition. c. an oligopoly. d. perfect competition.
Which of the following is an example of an oligopolistic market structure?
a. public utilities b. air transport industry c. liquor retailers d. wheat farmers e. none of the above
A higher interest rate will lead a firm to purchase less capital because the higher interest rate
a. lowers the marginal product of capital goods b. causes technological change to cease c. lowers the present value of capital goods d. causes economies of scale to be exhausted e. causes the capital market become monopolized
If a country has a trade deficit
a. it has positive net exports and positive net capital outflow. b. it has positive net exports and negative net capital outflow. c. it has negative net exports and positive net capital outflow. d. it has negative net exports and negative net capital outflow.