Note: Amounts in billions.Refer to the above table. The equilibrium real GDP is

The magnitude of the government expenditure multiplier is ________ the magnitude of the tax multiplier

A) not comparable to B) greater than C) less than D) equal to E) greater than for expansionary policy and less than for contractionary policy

Which of the following items is not a component of the expenditure approach to measuring U.S. GDP?

A) purchases of food made by families B) Social Security payments made by the government C) purchases of U.S.-made movies by Europeans D) purchases of new homes made by families