Which one of the following is counted in GDP?
A. Government spending
B. Transfer payments
C. Intermediate goods
D. Leisure time
Ans: A. Government spending
Economics
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In the figure above, the SLF curve is the supply of loanable funds curve and the PSLF curve is the private supply of loanable funds curve. If there is no Ricardo-Barro effect, the figure shows a situation in which the government has a budget
A) deficit of $0.2 trillion. B) deficit of $1.6 trillion. C) surplus of $1.4 trillion. D) surplus of $0.2 trillion. E) surplus of $1.8 trillion.
Economics
Refer to Table 7-6. With trade, what is the total gain in belt production?
A) 20 B) 40 C) 60 D) 120
Economics