One difficulty of computing the value of GDP is that there are no market prices for
a. exports and imports.
b. business investments.
c. government goods and services.
d. resource values.
C
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During the era from 1880 to 1920, the U.S. economy experienced a rise in big business, an expansion in industry and increased concentration in both
Indicate whether the statement is true or false
As real disposable income increases, consumption expenditures
A) increase by the same amount. B) increase by a smaller amount. C) increase by a larger amount. D) remain constant.
On this economic growth and production possibilities curve, Economy A experienced ______.
a. a smaller shift in the production possibilities curve
b. less capital investment
c. greater growth
d. higher initial levels of consumption spending
If a fiscal policy program requires new legislation to make it happen, it is
A. discretionary. B. contractionary. C. unconstitutional. D. non-discretionary.