A country's GNP is always larger than its GDP
Indicate whether the statement is true or false
FALSE
Explanation: GNP will be larger when the country is a net exporter of factors of production.
Economics
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The consumption function shows that when disposable income increases by one dollar, consumption expenditure
A) does not change. B) increases by more than a dollar. C) increases by one dollar. D) decreases by less than a dollar. E) increases by less than a dollar.
Economics
Crowding in occurs when government spending improves business expectations about the future and leads to higher business investment spending
a. True b. False Indicate whether the statement is true or false
Economics