The theory of adaptive expectations holds that people form the most accurate possible expectations about the future using all information available to them

Which of the following correctly illustrates the leakages–injections approach to GDP?

a. DI + (NT) = C + I + G + (X ? M) b. S + C + NT = DI c. S + C + (NT) = I + G + (X ? M) d. S + (NT) + M = I + G + X e. S + (NT) = I + G + (X ? M)

Which of the following is included in Singapore's GDP?

a. The value of production by a Singaporean working in the U.S. b. The value of production by an American working in Singapore c. The value of production by a Singaporean that crosses the border to work in Malaysia. d. All of the above are correct.