What is the proper formula for computing the GDP using the expenditure approach?
A. C + I + G + X
B. 0.5(w + r) + k
C. S + I + G + X
D. C + O + G + S
Answer: A
Economics
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In the 1960s, banks started issuing negotiable CDs in order to
A) offer higher interest rates than they were allowed to on deposits. B) lower information costs. C) appeal more to the small borrower. D) lend in the direct finance market.
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Which of the following is not a result of a reduction in the federal budget deficit?
A) a higher real interest rate B) a depreciation of the currency C) a rise in exports D) a rise in the price of foreign inputs
Economics