The annual cost of producing the entire output of goods and services in the economy
A) includes durable goods but excludes nondurable goods.
B) is total income.
C) can be calculated entirely on the basis of financial transactions.
D) includes financial transactions.
B
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The interest rate compensates
a. bankers for their time spent on paperwork b. borrowers for their increased consumption today c. savers for consumption forgone today d. consumers for more consumption today e. the Fed for its efforts to control the money supply
The objective of bank management is to
a. maximize stockholders' profits by making risky investments and giving loans to borrowers who will pay the highest interest rates. b. refuse to make risky loans and make loans only to the safest borrowers. c. invest in U.S. government securities and make loans only to established businesses. d. strike the appropriate balance between the attraction of bank profits and the need for bank safety.
The market value of all domestically produced final goods and services are also equal to the total amount spent by ________ less spending on imported goods and services.
A. households, firms, and the foreign sector B. households and firms C. households, firms, governments, and the foreign sector D. households, firms, and governments
A corporation in which all the stock is owned by only a few individuals or companies and is not made available for purchase by the public.
What will be an ideal response?