The U.S. GDP includes
A. wine harvested and bottled in California.
B. increases in the divorce rate.
C. time spent studying for an exam.
D. the exchange of four shirts for four skirts at a consignment store.
Answer: A
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Because the benefits distributed under TANF and Medicaid are essentially controlled by the states, critics argue thatÂ
A. recipients can receive benefits for a longer time period than if the programs were controlled by the federal government. B. people receiving benefits have greater incentive to work more. C. poor people with equal needs receive unequal benefits. D. a negative income tax controlled by the federal government is less efficient.
The production possibility curves of two countries are given below:LegolandElmolandChocolateTextilesChocolateTextiles3006002020301515302020060030Refer to the production possibility curves of the two countries. If they specialized and traded, which of the following is the largest bundle each country could have?
A. 20 chocolate and 20 textiles B. 60 chocolate and 60 textiles C. 15 chocolate and 15 textiles D. 30 chocolate and 30 textiles
In one year the United States had a current account deficit of $461 billion. The balance on the capital account was -$8 billion. What was the balance on the financial account?
A. -$461 billion B. +$469 billion C. -$469 billion D. +$453 billion
Refer to the figure above. What is the consumer surplus when Lithasia engages in trade and the government imposes a $1 tariff on chairs?
A) $100 B) $120 C) $180 D) $200