In general, the accounting of trade in goods and capital is known as the:
A. balance of trade.
B. net capital outflow.
C. balance of payments.
D. trade surplus.
C. balance of payments.
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Following the downgrade of U.S. debt by Standard & Poor's in August, 2011:
A) other rating agencies also downgraded U.S. debt B) interest rates spiked as investor's perception of risk increased C) investors didn't seem to be any more concerned about default risk than before the downgrade D) the U.S. implemented a plan to significantly reduce its budget deficit later that year
What kinds of economic activities are excluded from GDP? If GDP misses these things, then why do we use it?
What will be an ideal response?
The primary source of colonial productivity growth in agriculture was:
a. learning by doing. b. an increased capital-labor ratio. c. technology improvements. d. the introduction of hybrid seeds and fertilizer.
Of the following, who would probably have the highest income?
a. a couple, both of whom have high school educations and work at WalMart b. a husband who has a high school degree and a middle-management job and his wife, who is a full-time mother c. a couple, both of whom have high school educations; he is a high school teacher and she is a librarian d. a husband who has a college degree and is a high school teacher and his wife, who has an MBA and works as a insurance company executive e. a couple, both of whom have college degrees and are high school teachers