Conflicts of interest arising from management advisory services brought down ________ in 2002

Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and government expenditures are $2 billion. If GDP is $14 billion, which of the following could be true regarding exports and imports in the economy?

A) Exports are $9 billion, and imports are $6 billion. B) Exports are $15 billion, and imports are $10.5 billion. C) Exports are $6 billion, and imports are $8.5 billion. D) Exports are $4.5 billion, and imports are $2 billion.

In the U.S. economy, the effect on federal tax revenues and spending of a decrease in employment is to:

a. cut tax revenues and raise expenditures. b. cut spending and raise tax revenues. c. raise both tax revenues and expenditures. d. cut both spending and tax revenues.