The gross domestic product of Ritzland during a particular year was $120,000
If the expenditure on investment was $16,000, the expenditure incurred by the government was $35,000, the value of exports was $10,000, and the value of imports was $22,000, calculate the expenditure on consumption.
A) $37,500 B) $44,000 C) $19,000 D) $81,000
D
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Consider the market for credit. When the demand for credit decreases while the supply of credit remains unchanged,
A) the interest rate will decrease and the amount of credit provided in the market will increase. B) the interest rate will increase and the amount of credit provided in the market will increase. C) the interest rate will decrease and the amount of credit provided in the market will decrease. D) the interest rate will increase and the amount of credit provided in the market will decrease.
Suppose the price of oranges rises. As a result, the
A) supply of orange pickers increases. B) supply of orange pickers decreases. C) demand for orange pickers increases. D) demand for orange pickers decreases.