If consumption expenditures are $600 million, spending on gross investment is $100 million, imports are $50 million, exports are $55 million, government spending on goods and services is $400 million, than GDP is
A. $1,105 million.
B. $790 million.
C. $905 million.
D. $1,010 million.
Answer: A
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The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, it will make
A) more loans. B) fewer loans. C) no change in its lending. D) you cannot predict what the bank will do from this balance sheet without more information.
Given the production function Y = A if output grows by five percent, the capital input grows by five percent, and the labor input grows by two percent, calculate the Solow residual
Calculate the growth rates of output per worker and capital per worker.
Which of the following is classified as a transfer payment and not as income?
(a) Monthly payments received from CIT by your economics lecturer; (b) Monthly payments received from CIT by scholarship students at CIT; (c) Monthly payments received by members of the Judiciary; (d) Dividend payments received by the shareholders of a company.
During most of the years of the Great Depression, the actual federal budget was in ________, and the cyclically adjusted budget was in ________
A) deficit; surplus B) surplus; surplus C) deficit; deficit D) surplus; deficit