Government expenditures included in the expenditure approach to GDP include ________
A) Social Security and education
B) net exports
C) buying a new bomber
D) Both answers A and C are correct.
C
Economics
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If the demand and supply curves for a commodity shift to the right and the shift in demand is greater than the shift in supply, then in comparison to the initial equilibrium, the new equilibrium will be characterized by:
A) a lower price and quantity. B) a higher price and quantity. C) the same price and quantity. D) a higher price and a lower quantity.
Economics
The Malthusian population trap assumes that
(a) contraception is unavailable. (b) technological progress may be rapid. (c) fertility increases with per capita income. (d) all of the above.
Economics