Which one of the following transactions would be included in GDP?
What will be an ideal response?
Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident.
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If you own a $1,000 face value bond with one year remaining to maturity and a 7 percent coupon rate and new bonds are paying 11 percent, what is the most you can get for your old bond?
A) $1,028.85 B) $1,000.00 C) $963.96 D) $952.30
The public sector of the U.S. economy includes:
a. the federal, state, and local government. b. multinational corporations and the federal government. c. the Federal Reserve bank of the U.S. d. the judiciary and the federal government. e. households.
The amount the government budget deficit would be if the economy were at full employment is known as the
A. natural deficit. B. full-employment deficit. C. primary deficit. D. current deficit.
If the marginal social cost exceeds the marginal social benefit for the last pair of shoes produced, then the economy is producing more than the efficient amount
Indicate whether the statement is true or false