The current account balance consists of
A) the trade balance plus the services balance.
B) net exports of goods and services, minus net unilateral transfers.
C) net exports of goods and services, plus net income from abroad, plus net unilateral transfers.
D) net exports of goods and services, plus net income from abroad, plus net unilateral transfers, minus the financial account balance.
C
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In an economy, 40 million people are employed, 2 million are unemployed, and 8 million are not in the labor force. What is the labor force participation rate?
A) 83 percent B) 84 percent C) 80 percent D) 87.5 percent
Underground activities are not counted in GDP because
A) some underground activities are illegal and the government doesn't want to place, for instance, drug dealers on an equal footing with small businesses. B) there are no written records of underground activities. C) of a decision made in the 1930s and no one has gotten around to changing it yet. D) although it is possible to accurately measure underground activities, it is harder than measuring above-ground activities because with the latter, one doesn't have to dig as deep.
Small denomination time deposits are included in
A. M1 only. B. M2 only C. M1 and M2. D. M2 and M3. E. M1, M2, and M3.
Which of the following statements are true about an individual demand curve?
A. An individual demand curve is negatively sloped and shows the price of a good and the quantity that a single consumer is willing to sell during a particular time period. B. An individual demand curve is positively sloped and shows the price of a good and the quantity that all consumers are willing to buy during a particular time period. C. An individual demand curve is negatively sloped and shows the quantity of a good that a single consumer is willing to buy, and the amount of time to consume the good. D. An individual demand curve is negatively sloped and shows the price of a good and the quantity that a single consumer is willing to buy during a particular time period.