Suppose you observed firms' inventory stocks drop by $100 billion. If you knew that aggregate expenditure was $3,000 billion, what would GDP be?
a. $3,000 billion
b. $2,000 billion
c. $2,900 billion
d. $1,000 billion
e. $3,100 billion
C
You might also like to view...
Which of the following does not describe the World Bank?
a. an economic development institution b. affiliated with the United Nations c. offers low-fee checking accounts to anyone in the world d. estimates output per capita figures e. uses output per capital figures to classify economies
How do actively managed funds differ from passively managed funds?
A. Managers of actively managed funds use their discretion to buy and sell assets as they attempt to generate higher returns. B. Actively managed funds focus on stocks; passively managed funds focus on bonds. C. Actively managed funds necessarily contain a greater variety of stocks or bonds than does a passively managed fund. D. Actively managed funds consistently outperform passively managed funds.