In the economy of Talikastan in 2015, consumption was $200, exports were $150, GDP was $475, government purchases were $100, imports were $75, and investment was $100 . What were Talikastan's net exports in 2015?
a. -$75
b. -$225
c. $225
d. $75
d
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Which law specifically mandated the federal government's responsibility for economy-wide stability?
A) the Employment Act of 1946 B) the Sherman Act of 1890 C) the Great Depression Act of 1930 D) the Miller Act of 1960
A likely effect of government policies that redistribute income and wealth from the wealthy to the poor is that those policies
a. enhance equality. b. reduce efficiency. c. reduce the reward for working hard. d. All of the above are correct.
While economic regulation applies to ________ industries, social regulation applies to ________ firms.
A. all; individual B. particular; all C. utility; healthcare D. particular; individual
Assume the total real output of a developing country increases from $8 billion to $8.2 billion while its population expands from 14 to 15 million people from one year to the next. Over the year, real GDP per capita has ________.
A. decreased by $25 per person B. increased by $533 per person C. decreased by $533 per person D. increased by $25 per person