In the balance of payments, any transaction that leads to a receipt by a resident of a country or its government is a(n)
A. deficit item.
B. asset.
C. minus item.
D. surplus item.
Answer: D
Economics
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Union membership as a percent of the nonagricultural labor force ____ in 1970 to approximately ____ in 2012
a. fell from approximately 30 percent; 11 percent b. rose from approximately 15 percent; 22 percent c. fell from more than 40 percent; 10 percent d. rose from approximately 8 percent; 40 percent
Economics
Which of the following activities would be included in GDP?
A. You hire a cleaning service at $40 to clean your house. B. Your roommate pays you $40 to clean the house. C. Your parents send you $40 to hire a house cleaner, and you clean the house and keep the $40 yourself. D. All of these would be included in GDP, since there was a monetary exchange.
Economics