Durable goods, nondurable goods, and services are part of __________ and fall in the category of ________
a. GDP; personal consumption
b. GDP; gross private domestic investment
c. GDP; government purchases
d. national income; inventory
e. national income; employee compensation
A
Economics
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If a country is currently lending more to the rest of the world than it is borrowing from the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
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The Law of Supply insures that supply curves slope upward
Indicate whether the statement is true or false
Economics