In the treatment of U.S. exports and imports, national income accountants:
A. subtract exports, but add imports, in calculating GDP.
B. subtract both exports and imports in calculating GDP.
C. add both exports and imports in calculating GDP.
D. add exports, but subtract imports, in calculating GDP.
D. add exports, but subtract imports, in calculating GDP.
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The gross domestic product of a small country which has a population of 200,000 is $56,000,000. The income per capita of the country is ________
A) $280 B) $200 C) $50 D) $100
Based on the figure above, in which quarter or quarters did an expansion occur?
A) in 2014, 2nd quarter B) in 2013, 2nd quarter C) between 2013, 2nd quarter to 2014, 2nd quarter D) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure E) There are no expansions illustrated in the figure.
When a telemarketer calls you about a product, this is an example of
A) direct marketing. B) indirect marketing. C) searching for a good. D) persuasive marketing.
What do economists call something that encourages an action by increasing its benefits or reducing its costs?
b. a market externality a. a positive incentive c. a rational choice d. an economic good