On the island country of Sunshine where the unit of currency is fish, net exports are 50 fish, saving is 250 fish, net taxes are 100 fish, and the government budget deficit is 175 fish. The private sector has a ________
A) deficit of 125 fish
B) surplus of 125 fish
C) deficit of 225 fish
D) surplus of 225 fish
D
Economics
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If nominal GDP equals $10 trillion and the velocity of circulation is 5, then
A) real GDP is $2 trillion. B) the quantity of money is $50 trillion. C) the quantity of money is $2 trillion. D) the real value of the quantity of money is $10 trillion.
Economics
All of the following help define market structure, except one. Which is the exception?
a. number of sellers b. barriers to entry c. barriers to exit d. standardization of product e. how firms are organized (i.e., as proprietorships, partnerships, or corporations)
Economics