Refer to the information provided in Table 24.4 below to answer the question(s) that follow.
Table 24.4
Refer to Table 24.4. At an output level of $2,500, the level of aggregate expenditure is ________ billion.
A. $1,200
B. $1,400
C. $1,700
D. $1,900
Answer: D
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When a U.S. company makes a $200,000 donation to the International Red Cross to help the victims of an earthquake in India, the transaction is recorded in the
A) current account. B) one-way donations account. C) international help account. D) capital and financial account. E) official settlements account.
Refer to Figure 4-1. What is the total amount that Arnold is willing to pay for 4 burritos?
A) $1.00 B) $4.00 C) $7.00 D) $10.00
When money is used to set the value of goods such as cars, VCRs and TVs, money serves as a
a. Store of Value. b. Medium of Exchange. c. Standard of deferred payment. d. Unit of account. e. None of the above.
If a stock market is utilizing all of the available information on earnings projections, interest rates, risk, etc., economists refer to the market as
A. attentive. B. fully engaged. C. proper. D. efficient.