Real gross domestic product is the total value of all:
a. goods and services produced in a country adjusted for inflation
b. goods and services produced in a country without an adjustment for inflation.
c. final goods and produced in a country services adjusted for inflation.
d. final goods and services produced in a country without adjustment for inflation.
c
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PSD areas
a. must meet the same standards as do nonattainment areas b. face standards that are necessarily set at an efficient level c. are regions that meet or exceed national ambient air quality standards d. are likely associated with higher MSC than that of nonattainment areas
Which of the following is an example of gross investment?
A. Electric Car Incorporated increases the number of cars on its lots. B. The Black Coal Company sells $5 million of coal to Germany. C. Fred buys a new television set to watch the Super Bowl. D. The navy purchases a new ship for its fleet.
A contract requiring payment of an annual premium in exchange for the payment of a future stream of payments beginning at a specified age and continuing until death is
A) whole life insurance. B) an annuity. C) term life insurance. D) variable life insurance. E) universal life insurance.
The information lag facing the Fed is
A) the difficulty of becoming informed quickly of changes in public opinion about which policy goal is most important. B) the delay in receiving accurate information about the state of the economy. C) the delay in Congress and the President communicating their policy goals for the Fed to act on. D) the time required for monetary policy changes to affect output, employment, and prices.