Use the data in the table below to answer the next question. The data describes a hypothetical economy and are denominated in billions of dollars.Disposable income$200Net private domestic investment40Value of imports15National income300Personal taxes31Net exports9Gross private domestic investment55Net foreign factor income10Statistical discrepancy0This nation's exports are ________.

In the equation of exchange, PQ represents: a. the dollar value of all final goods and services sold in a country in a given year. b. the price index times nominal GDP

c. real GDP. d. the price level times the velocity of money

The major virtues of the market system include all of the following, except:

A. It promotes an efficient allocation of resources B. It leads to equality in the distribution of income C. It provides incentives for greater production and higher incomes D. It emphasizes the freedom to pursue self-interest