If Samsung sells TVs at a higher price in the United States than in Korea, and if there is no cost difference in producing or transporting the TV sets, Samsung would be practicing

When tax revenues equal government outlays, the situation is referred to as

A) an equivalent budget. B) a balanced budget. C) an equal budget. D) a legal budget. E) an equilibrium budget.

If Year 1 is the base year, the GDP price deflator for Year 2 is approximately

A) 100.0. B) 126.3. C) 131.3. D) 181.0.