The current account and the financial account must do which of the following?
a. equal the capital account
b. equal each other
c. move in the same direction
d. equal zero when added together
e. equal 1 when added together
Answer: d. equal zero when added together
Economics
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Which of the following statements about GDP is correct?
a. GDP measures two things at once: the total income of everyone in the economy and the total expenditure on the economy's output of goods and services. b. Money continuously flows from households to firms and then back to households, and GDP measures this flow of money. c. GDP is generally regarded as the best single measure of a society's economic well-being. d. All of the above are correct.
Economics
Figure 4-21
A surplus will tend to occur at which price in Figure 4-21?
a.
P1
b.
P2
c.
P3
Economics