Consider an open economy that is a net borrower (like the United States). What would be the impact of a shift to a closed economy?
A) domestic interest rates would decline
B) domestic savings would decline
C) domestic investment would decline
D) net borrowing would increase
C
Economics
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In the United States, calculation of gross domestic product is conducted by the ________
A) Council of Economic Advisors B) Bureau of Economic Analysis C) Census bureau D) Chief Financial Officer's Council
Economics
Suppose the price index is 100 in the base year and the price of a pound of oranges in that year is $1.96 . Now, if the price index changes to 105 in the following year, how much would a pound of oranges cost?
a. $2.45 b. $0.25 c. $1.96 d. $2.06 e. $1.50
Economics