Which of the following is the significance of a country's price index?
a. It helps in measuring changes in the nominal interest rate in a country
b. It helps in measuring the total disposable income of a country.
c. It helps in determining a country's real GDP each year.
d. It helps in measuring changes in the prices of only luxury goods.
e. It helps in measuring the demand for goods and services exported by a country.
c
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When Starbucks accepts your $10 bill for two Grande Lattes and one Tall Caramel Macchiato, the $10 bill serves as a
A) medium of exchange. B) store of value. C) standard of value. D) commodity money.
In the United States, government policies with respect to monopolies and collusion are embodied in
A) common law, which the United States adopted from English law. B) the Supreme Court. C) antitrust laws. D) the U.S. Constitution.
As firms' expected profit from new capital projects falls,
A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward. E) projects must become more profitable
The term "gross domestic purchases" refers to
A. the amount spent only by U.S. consumers on final goods and services. B. the amount spent only by government on final goods and services. C. the amount spent by U.S. consumers, businesses, and government on final goods and services. D. the amount spent only by businesses on final goods and services.