Which of the following is NOT a part of the income approach to determining GDP?
A) rental income
B) gross private domestic investment
C) net interest
D) indirect business taxes
B
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Answer the following statement(s) true (T) or false (F)
1. The use of uniform emissions standards on mobile sources generates a cost-effective solution. 2. According to a study conducted by the National Academy of Sciences, a uniform standard imposed on motor vehicles would be more cost-effective than a two-tiered standard. 3. Plug-in hybrids and hybrid vehicles are examples of partial zero-emission vehicles (PZEVs). 4. U.S. policy on mobile sources imposes more stringent controls on new vehicles, creating a bias against newer, and hence cleaner, motor vehicles.
The amount of investment demand at each interest rate falls. If the Fed holds to an unchanged interest rate target, the change in GDP is __________ if it had held to an unchanged money supply target
A) greater than B) less than C) the same as
If Happy Babies sells its baby formula in the United States for $10 box and for $12 (dollar equivalent) a box Canada, this is an example of ________.
A) second-degree price discrimination B) third-degree price discrimination C) peak-load pricing D) two-part pricing
The price received by sellers in a market will decrease if the government
a. imposes a binding price floor in that market. b. decreases a binding price ceiling in that market. c. decreases a tax on the good sold in that market. d. increases a binding price floor in that market.