The payment received by suppliers of entrepreneurial skills is called wages

A net exports deficit or surplus equals

A) taxes minus savings plus public and private investment. B) the government sector balance plus the private sector balance. C) net lending by both the private and public sector plus savings minus investment. D) net worth plus the government sector balance minus the private sector balance.

If real GDP helps to predict the path of a particular macroeconomic variable, it is said to be a

A) conventional variable. B) coincident variable. C) leading variable. D) lagging variable.