Net exports is equal to
A. total imports minus total exports.
B. total exports minus total imports.
C. total exports minus transfer payments.
D. total exports adjusted for price changes.
Answer: B
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Refer to Exhibit 10-3. When disposable income equals $2,300, saving equals
a. -$20. b. -$10. c. 0. d. $10. e. $20.
John is a U.S. citizen who works for Walmart located in France. John's work contributes to:
A. U.S. GDP, but not U.S. GNP. B. U.S. GNP, but not U.S. GDP. C. both U.S. GDP and U.S. GNP. D. neither U.S. GDP nor U.S. GNP.
National income is
a. personal income of individuals minus the taxes they pay. b. gross national product minus depreciation. c. employee compensation, self-employment income, interest, rents, plus corporate profits. d. consumption, investment, government expenditures, and net exports.
In the negative income tax framework, a break-even point of $16,000 and a tax rate of 25 percent imply a guarantee of which of the following figures?
A. $4,000 B. $8,000 C. $12,000 D. $16,000