In 1995 in the United States, consumption expenditure was $5,152 billion, investment was $1,164 billion, government purchases of goods and services were $1,407 billion, and total exports were $855 billion. GDP equaled
What will be an ideal response?
some amount, but there is not enough information given to calculate GDP.
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Changing which of the following is a Federal Reserve monetary policy tool?
A) required reserve ratios B) desired reserve ratios C) excess reserve ratios. D) gold and foreign reserve ratios
A federal system consists of one level of government to provide public goods and services.
A. True B. False C. Uncertain
The distribution of surplus received from a subsidy offered in a market where a positive externality is present depends on:
A. how the subsidy is distributed among those affected by the externality. B. if those who are affected receive their true value of the externality. C. where the government gets the money to pay for the subsidy. D. None of these statements is true.
If the Federal Reserve wants to decrease the money supply, it should:
A. conduct open-market sales. B. decrease reserve requirements. C. decrease the interest that it pays on reserves. D. decrease the discount rate.