Which component of federal spending is included in GDP?
A. net exports
B. transfer payments
C. government purchases
D. capital supply
Answer: C
Economics
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The time it takes for policy makers to obtain data indicating what is happening in the economy is called
A) the data lag. B) the recognition lag. C) the legislative lag. D) the implementation lag. E) the effectiveness lag.
Economics
The futures price
A) reflects traders' expectations of the spot price on the day of delivery. B) is always above the spot price on the day of delivery. C) is always below the spot price on the day of delivery. D) is always equal to the spot price at every point in time.
Economics