Which of the following is true of the gross domestic product (GDP) of a nation?
a. It can be measured by the stock of consumer goods in a nation at a particular point in time
b. It can be measured by the stock of capital goods in a nation at a particular point in time.
c. It can be measured either by calculating the total spending on production or the total income from that production.
d. It is the sum of total spending on production and total income from that production.
e. It can be measured from the stock of wealth in the nation.
c
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Dynamic open market operations
A) are aimed at achieving changes in monetary policy. B) are used much more frequently than defensive open market transactions. C) are used to offset disturbances to the monetary base. D) make it easy to deduce the Fed's intentions for monetary policy.
Suppose you borrow $5,000 at an interest rate of 8%. If the expected real interest rate is 3%, then the rate of inflation over the upcoming year that would be most beneficial to you would be
A) 0%. B) greater than 0% but less than 5%. C) equal to 5%. D) greater than 5%.