The components of investment expenditures include all of the following except

The velocity of circulation grows at 1 percent and real GDP grows at 3 percent. If the quantity of money grows at 4 percent, the inflation rate is

A) 8 percent. B) 4 percent. C) zero. D) 2 percent. E) 10 percent.

If a large percentage of economic activity in developing countries is unrecorded, then the countries are likely to rely on which of the following taxes to provide government revenue?

A) Sales taxes B) Property taxes C) Income taxes D) Tariffs