In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600, and investment was $2000 . What were Talikastan's exports in 2015?
a. -$900
b. -$600
c. $200
d. $300
d
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One desirable aspect of having multiple levels of government is that numerous small governments _____
a. leads to a prisoners' dilemma b. allows for the possibility of intergovernmental competition c. affect the optimal size of the sharing group d. demonstrate how effective the federal government is at what it does
another way to look at opportunity cost is the trade-off that occurs when one activity is undertaken rather than the _______ alternative activity.
Fill in the blank(s) with the appropriate word(s).
A constant differential between the interest rates of two countries over different terms to maturity implies that future changes in the exchange rate are expected to occur at a(n) ________ rate
A) constant B) increasing C) decreasing D) None of the above
Which of the following statements is true?
a. National income is total income earned by households whereas personal income is total income received by households (including transfer payments). b. Disposable personal income equals personal income minus personal taxes. c. The expenditures approach and the income approach yield the same GDP figure. d. All of these.