Sound macroeconomic policies are less important than industrial policies in promoting growth

Let C represent consumption expenditure, S saving, I gross private domestic investment, G government expenditure on goods and services, and X - M net exports of goods and services. Then GDP equals

A) C + S + G + X - M. B) C + S + G - X - M. C) C + I + G + X - M. D) C + I + G - X - M.

What is the United States government's formal definition of the poverty line?

A) It is a level of annual income equal to total income in society divided by the population, adjusted for a family of four. B) It is the annual income level below which a household is exempt from taxes. C) It is a level of annual income equal to the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition. D) It is a level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.