According to the expenditures approach, gross domestic product represents the sum of consumption spending, government spending, net exports, and net investment
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Price-cap regulation not only motivates cost control, it can also motivate socially desirable pricing
Indicate whether the statement is true or false
A copyright
a. is required to sell printed material b. grants exclusive rights over the protected material for at least seventy years c. is granted only to best original works of art, literature, and music d. grants the right to copy certain material such as printed material e. grants communal rights over the protected material for at least seventy years
The balanced budget multiplier
a. increases as MPC increases b. increases as MPC decreases c. depends on the absolute level of government spending d. is always greater than the income multiplier e. is always equal to 1
If the consumption of a good by one individual does not change the amount of the good available to others, the good is considered to be
a. durable. b. nonrival-in-consumption. c. a common good. d. a natural resource.