Which of the following correctly lists what is included in the consumption component of GDP?
a. household purchases of services and household purchases of nondurable goods but not any household purchases of durable goods
b. household purchases of nondurable goods and durable goods other than residential construction but not household purchases of services
c. household purchases of services, nondurable goods, and all durable goods
d. household purchases of services, nondurable goods, and durable goods other than residential construction
d
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The value of real GDP in the current year equals
A) the value of current-year output in prices of the base year. B) the value of current-year output in prices of the current year. C) the value of base-year output in prices of the base year. D) the value of base-year output in prices of the current year.
If a pre -merger Herfindahl-Hirschman Index (HHI) is between ________, the market is considered moderately competitive and if a merger in this market raises the HHI by more than ________, antitrust agencies worry about the potential loss of competition.
A) 1,500 and 2,500; 50 B) 2,500 and 5,500; 100 C) 2,500 and 5,500; 25 D) 1,500 and 2,500; 100
The World Bank specializes in making loans to
A) industrialized nations. B) communist nations. C) developing nations. D) African nations.
If the Fed wishes to maintain its interest rate target in the face of decreased money demand it would likely
a. increase the money supply. b. decrease the money supply. c. more stringently enforce already existing banking regulations. d. propose new banking regulations. e. become more lax when it enforces already existing banking regulations.