An international comparison of eight major industrialized countries reveals the following about the components of GDP: ________
A) the U.S. has one of the largest shares of GDP going to investment
B) the U.S. has one of the smallest government share of GDP
C) the U.S. runs one of the largest trade deficits
D) all of the above
E) none of the above
C
Economics
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A market is a set of arrangements where:
A) buyers and sellers can get together and buy and sell. B) buyers compete with sellers. C) sellers compete with buyers. D) A and C are true, but B is not true
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If the demand curve is a straight line with a negative slope, then demand is more elastic at higher prices than lower prices
a. True b. False
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