Which of the following is NOT directly included in Canadian GDP?
A) bus tickets sold to tourists for a tour bus ride in Montreal
B) the purchase of tickets to a Kanye West concert in Montreal
C) the sale of tickets to the Vancouver Olympics to U.S. citizens
D) gasoline purchased by a tour bus operator in Quebec
E) All of the items would be included in Canadian GDP.
D
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In the short run a decrease in the costs of production makes
a) output rise and prices fall. b) output and prices fall. c) output and prices rise. d) output fall and prices rise.
The expenditure multiplier is equal to the change in ________ divided by the change in ________
A) dependent expenditure; autonomous expenditure B) autonomous expenditure; equilibrium expenditure C) the price level; real GDP D) equilibrium expenditure; autonomous expenditure E) real GDP; equilibrium expenditure