An example of a government organization involved primarily in public regulation or industrial regulation of natural monopolies would be the:
A. Food and Drug Administration
B. Environmental Protection Agency
C. Federal Energy Regulatory Commission
D. Occupational Safety and Health Administration
C. Federal Energy Regulatory Commission
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The following table provides data for an economy in a certain year. Consumption expenditures1,000Imports600Government purchases of goods and services700Construction of new homes and apartments500Sales of existing homes and apartments600Exports500Government payments to retirees200Household purchases of durable goods300Begining-of-year inventory500End-of-year inventory600Business fixed investment300Given the data in the table, compute the value of GDP.
A. 2,700 B. 2,400 C. 2,500 D. 2,600
In the above figure, what is the equilibrium level of real GDP with government and the foreign sector?
A) $4.0 trillion B) $2.5 trillion C) $3.0 trillion D) $2.0 trillion
Using the information in Situation 20-1, if aggregate output equals $8,000, the unplanned inventory investment equals
A) -$100 B) $0 C) $100 D) $500
If a bank's desired reserve-deposit ratio is 0.33 and it has deposit liabilities of $100 million and reserves of $50 million, it:
A. has the correct amount of reserves and outstanding loans. B. has too few reserves and will reduce its lending. C. has too many reserves and will increase its lending. D. should increase the amount of its reserves.