Which of the following items is NOT part of government expenditure on goods and services in the GDP accounts?
A) gasoline purchases for government car pools
B) Social Security expenditures
C) new computer hardware for use by the IRS
D) drapes to brighten up the president's office
B
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If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Price index rises, and real GDP rises. b. Price index rises, and real GDP falls. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. The change in price index is uncertain, and real GDP falls.
Refer to the graph. Suppose a particular financial asset's risk and return profile puts it at point E. The process of arbitrage will:
A. move the financial asset to point G on the Security Market Line.
B. move the financial asset to point D.
C. move the financial asset to point F.
D. not change the financial asset's position on the Security Market Line.