The equilibrium price is the price at which the quantity
A) sold equals the quantity bought.
B) demanded equals the quantity sold.
C) demanded equals the quantity supplied.
D) supplied equals the quantity bought.
C
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The GDP of Country A is equal to $124.5 billion, and the consumption expenditure in the economy is $85.9 billion. The government of Country A charges a flat tax of 20 percent. The government also spends $4.5 billion per year in the form of transfer payments. The disposable income of the country is equal to: a. $99.6 billion
b. $104.1 billion. c. $124.5 billion. d. $129.0 billion.
Which of the following would not be a consequence of an increase in the U.S. government budget deficit?
a. U.S. interest rates rise b. U.S. net capital outflow falls c. the real exchange rate of the U.S. dollar depreciates d. the U.S. supply of loanable funds shifts left