Which of the following is not a component of GDP in the expenditures approach?
A. Government purchases
B. Workers' wages and other compensation
C. Gross private domestic investment
D. The difference between exports and imports
B. Workers' wages and other compensation
You might also like to view...
Under a gold standard, as trade takes place and the foreign exchange market is affected, ______ tend(s) to restore equilibrium.
A) a change in the interest rate B) gold flows between nations C) currency flows D) changes in the value of gold
A decrease in supply _____ price and _____ the quantity sold.
Fill in the blank(s) with the appropriate word(s).
Credit risk is:
A. lower, the longer the length of the loan. B. the risk of a borrower defaulting on a loan. C. the risk of not being able to get a loan when your credit is good. D. lower, the larger the amount of the loan.
Figure 10.1 depicts a firm's marginal revenue product curve. If the product price is $2, what is the marginal product of the 30th hour of labor?
A. 5 units B. 6 units C. 7 units D. 8 units