Adjusting GDP downward for the impact industry has on the environment results in a number that is greatly disputed, but is often referred to as
A. "environment-neutral GDP."
B. "resource-adjusted GDP."
C. "green GDP."
D. "eco-output."
Answer: C. "green GDP."
Economics
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Intended investment, actual investment, and saving are all equal when the economy is in equilibrium
Indicate whether the statement is true or false
Economics
Assume an economy moves from E1 to e2 to E3. Which of the following statements accurately describes the situation shown?
a. The economy is temporarily in an inflationary gap at E1.
b. At e2 the actual real GDP is less than the potential output.
c. The economy is in an inflationary gap at e2.
d. At e3 the price level has decreased from PL1.
Ans: C
Economics