The above table shows data from the GDP accounts of Hypothetica. Hypothetica's GDP is ________ billion
A) $270
B) $210
C) $190
D) $160
D
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A commercial bank has checkable-deposit liabilities of $50,000 and a required-reserve ratio of 20%. What is the amount of required reserves?
A. $10,000 B. $250,000 C. $1 million D. $50,000
When players are in direct competition with one another, playing a mixed strategy leads to more predictable results than playing a pure strategy
Indicate whether the statement is true or false
When the demand for a product is less elastic than the supply, consumers pay the majority of the tax on the product
Indicate whether the statement is true or false
Which of the following components of GDP accounts for the bulk of national expenditures in the United States?
a. Government purchases b. Imports c. Consumption d. Investment e. Exports