The _________ approach allows us to calculate GDP and _________ is not a component of GDP
a. income; personal consumption
b. income; exports
c. expenditure; durable goods
d. expenditure; government purchases
e. expenditure; interest
E
You might also like to view...
The difference between the amount of capital at the beginning of a year and the amount of capital at the end of the year is equal to
A) financial consumption. B) gross investment. C) depreciation. D) capital consumption. E) net investment.
How does the U.S. federal government assist workers who have lost their jobs due to international trade?
What will be an ideal response?
A firm is operating at a scale where diseconomies of scale are present. Which of the following could help explain what that means?
a. The firm is operating at a scale where the average total cost of production is falling as output expands. b. The firm is operating at a scale where total fixed costs are not minimized c. The firm is operating at a scale where average total cost is constant as output expands. d. The firm has grown so large that average total cost increases as output expands.
What is true about the following payoff matrix? A: cooperateA: not cooperateB: cooperateA: 2, B: 2A: 5, B: 5B: do not cooperateA: 3, B: 1A: 0, B: 0
A. Only player A has a dominant strategy. B. Only player B has a dominant strategy. C. Both player A and player B have dominant strategies. D. Neither player A nor player B has a dominant strategy.