Which of the following is included in Germany's GDP?
i. BMWs produced in a German-owned factory in South Carolina
ii. the value of the stocks sold on the German stock exchange, the Frankfurt Stock Exchange
iii. china produced by the English-owned Wedgewood Company at a factory in Berlin, Germany
A) i and iii
B) ii only
C) iii only
D) i and ii
E) None of the above answers is correct.
C
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Which of the following is NOT directly included in Canadian GDP?
A) bus tickets sold to tourists for a tour bus ride in Montreal B) the purchase of tickets to a Kanye West concert in Montreal C) the sale of tickets to the Vancouver Olympics to U.S. citizens D) gasoline purchased by a tour bus operator in Quebec E) All of the items would be included in Canadian GDP.
In Figure 13-2 above, suppose that the Fed maintains a constant interest rate, commodity prices are fixed, and that commodity demand is unstable ranging from IS0 to IS1. Equilibrium real output would then range from
A) A0 to A1. B) B0 to B1. C) C0 to C1. D) Insufficient information.