Sellers who were originally willing to supply 800 units of a good at $4 per unit are now willing to supply 600 units at $4 per unit. That change would be described as:
a. an increase in supply

Expenditures by households on education are included in the investment component of GDP

a. True b. False Indicate whether the statement is true or false

In a country's balance of payments, which of the following items will be recorded as a debit entry?

A. Domestic bank balances owned by foreigners are reduced B. Securities are sold by domestic residents to nonresidents C. Foreign bank balances owned by domestic residents are reduced D. Assets owned by domestic residents are sold to nonresidents