Which of the following is not included in GDP?
a. a can of bug spray
b. the services of an exterminator
c. the honey produced and sold by a beekeeper
d. All of the above are included in GDP.
d
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The sum of the current account, the financial account, and the capital account is ________.
A. 100 B. zero C. the trade deficit D. the reserve balance
When the Fed makes an open market purchase of government bonds, it does so with the intention of decreasing the money supply
Indicate whether the statement is true or false
If C is consumption, I is investment, G is government purchases and NX is net exports, according to the expenditure approach, Y would stand for ________; and the national income identity could be written as ________
A) transfers; Y = C + I + G - NX B) CPI; Y = C + I + G + NX C) GDP; Y - C - I = G + NX D) income; Y = C - I - G + NX E) the real interest rate; Y = C + I + G + NX
Command-and-control means of regulation achieve their results more slowly but more reliably
Indicate whether the statement is true or false