To ensure that the fundamental identity of national income accounting holds, changes in inventories are
A) treated as part of expenditure.
B) treated as part of saving.
C) ignored.
D) counted as consumption.
A
Economics
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Cooperative efforts to establish a regional free trade area in the Asian-Pacific corridor have been hampered by perceived security threats posed by China and Japan as well as
a. fears of fragmenting the global trading system. b. existing relationships with the U.S. as a trading partner. c. the current Trans Pacific Partnership. d. the wide range of forms of government.
Economics
When the inflation rate rises, the purchasing power of nominal income:
a. remains unchanged. b. decreases. c. increases. d. changes by the inflation rate minus one.
Economics