In the expenditures approach of national income accounting, C, I g , and G include expenditures for:
A. Domestically produced goods and services only
B. Domestically produced as well as imported goods and services
C. Exported goods and services
D. The private sector of the economy only
B. Domestically produced as well as imported goods and services
You might also like to view...
Taxes listed as Federal Insurance Contribution Act taxes on the employee paystub are ________
A) payroll taxes B) value-added taxes C) income taxes D) excise taxes
Marginal profit is the slope of the total profit curve
a. True b. False Indicate whether the statement is true or false
On a graph of a production possibilities curve, an inefficient point is:
A. necessarily an attainable point. B. possibly an unattainable point. C. necessarily an unattainable point. D. not necessarily an attainable point.
On the consumption contract curve
A. supply equals demand of both goods. B. there will be no further voluntary exchange. C. all allocations are Pareto optimal. D. All of these are true.