If imports are $100 million more than exports, government spending is $500 million, consumer expenditures are $900 million, and investment spending is $600 million, then GDP is
A. $1.9 billion.
B. $2.0 billion.
C. $1.8 billion.
D. $2.1 billion.
Answer: A
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When U.S. banks borrow from one another, they must pay the
A) discount rate. B) prime rate. C) Fed funds rate. D) Interbank Offer Rate.
Which of the following statements does not explain why US health care expenditures are higher than in other countries?
A) Government policies have shifted the health care production function downward over time. B) Consumer incomes have increased, which allows consumers to purchase more health care. C) The US health care system is relatively inefficient compared to other countries. D) Demand for health care in the US has increased, so health care production occurs at a higher point on the total product curve than in other countries.
A $10,000 ten-year bond was issued at an interest rate of 6%. Carla is thinking about buying this bond one year before the end of the ten years, but interest rates are now 9%. What is the maximum amount that Carla should pay for this bond?
a. $9,174.31 b. $9,378.25 c. $8,982.43 d. $9, 764.20
How do rising prices slow resource depletion?
What will be an ideal response?