Suppose you have data on durable goods, nondurable goods, fixed investment, government purchases, exports, and imports. Can you compute GDP?
A) No, since data on services and profits are missing.
B) No, since data on inventory investment and profits are missing.
C) No, since data on inventory investment and services are missing.
D) No, since data on services and dividends are missing.
E) Yes, all of the necessary components of GDP are given.
C
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Which of the following may not be indicated by low long-term interest rates?
(A) That the economy is expected to contract in coming years. (B) That consumers want to borrow money to invest. (C) The future health of the economy. (D) That businesses do not want to borrow money to invest.
Studies of data support the view that higher levels of education are associated with higher levels of real
a. interest rates. b. per capita GDP. c. price inflation. d. income decline.