Gross domestic product minus the consumption of fixed capital equals

A) gross national product.
B) national income.
C) deprecation.
D) disposable personal income.

B

Economics

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Along a straight-line downward-sloping demand curve, elasticity is

a. constant, but its value cannot be determined without measurement b. constant and equal to an absolute value of one c. greater at higher prices d. greater at lower prices e. greater in the middle

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When banks borrow from each other the interest rate charged is known as the

a. discount rate. b. prime rate. c. federal funds rate. d. over-the-counter rate.

Economics