Goods and services that the United States sells to other nations are called
A) exchanges.
B) world goods.
C) imports.
D) exports.
E) bartered goods.
D
Economics
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Suppose Warren Buffet withdraws $1 million from his checking account at Chase Bank. If the required reserve ratio is 20 percent, what is the maximum change in deposits in the banking system?
A) -$5 million B) -$4 million C) -$200,000 D) $1 million E) $5 million
Economics
What is the distinction between nominal GDP and real GDP?
What will be an ideal response?
Economics