If total consumption is $5 billion, investments $2 billion, government purchases $1 billion, exports $1 billion, and imports $3 billion, the GDP must equal:

The broadest measure of the price level that includes all final goods and services is

A) the consumer price index. B) the producer price index. C) the wholesale price index. D) the GDP deflator.

World War II (1941–45) bond sales

(a) were successful and purchased primarily by banks, not private individuals. (b) were successful and purchased primarily by private individuals, not banks. (c) were successful but eventually led to inflation when bondholders decided to cash them in or sell them to the Fed. (d) were not successful.