Which of the following is not correct?
a. Gross domestic product is both total income in an economy and total expenditures on the economy's output of goods and services.
b. In a closed economy net exports are zero.
c. National saving is the sum of private saving and public saving.
d. Purchases of capital goods are excluded from GDP.
d
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Who is the Basel Committee? Discuss both their involvement in the Concordat as well the role of the Concordat in international banking
What will be an ideal response?
In many countries, an exchange-rate peg substitutes for ________
A) speculative attacks B) an export-oriented sector C) discretionary monetary policy D) capital controls
Which of the following markets is most likely to be oligopolistic?
A) The market for corn B) The market for aluminum C) The market for colas D) The market for ground coffees
Net exports are defined as:
a. exports plus imports b. exports minus imports. c. imports minus exports. d. exports plus imports minus tariffs.