Which of the following is NOT a part of the income approach to determining GDP?
A) rental income
B) gross private domestic investment
C) net interest
D) indirect business taxes
B
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Select the phrase that correctly completes the following statement. "A decrease in the expected future price caused an increase in the supply of smartphones. As a result,
A) the price of smartphones decreased and the demand for smartphones increased." B) the price of smartphones decreased. The lower price caused the supply of smartphones to decrease." C) the price of smartphones decreased and the quantity of smartphones demanded increased." D) the equilibrium quantity of smartphones decreased."
If the Federal Reserve sells $10 million in government securities in the open market, with a 10 percent required reserve ratio on deposits, the maximum increase in deposits would be
a. -$50 million. b. -$100 million. c. $10 million. d. $100 million. e. none of the above