Which of the following components of GDP accounts for the bulk of national expenditures in the United States?
a. Government purchases
b. Imports
c. Consumption
d. Investment
e. Exports
c
Economics
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How does correlation differ from causation? Give an example of each to illustrate your answer.
What will be an ideal response?
Economics
Based on the graph above, what is the difference between the purely competitive equilibrium level of output and the pure monopolist equilibrium level of output?
A. 20 units of output B. 90 units of output C. 5 units of output D. 70 units of output
Economics