A review of the performance of the economy during the Bush administration is the concern of:

a. macroeconomics.
b. microeconomics.
c. both macroeconomics and microeconomics.
d. neither macroeconomics nor microeconomics.

a

Economics

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Which of the following generate an income that would be excluded from the GDP of an economy?

a. A professional working in small start-up firm b. A person selling heroin to tourists c. A person selling electronic guides to tourists d. A farmer selling oranges to a fruit seller

Economics

Aggregate demand includes

a. only the quantity of goods and services households want to buy. b. only the quantity of goods and services households and firms want to buy. c. only the quantity of goods and services households, firms, and the government want to buy. d. the quantity of goods and services households, firms, the government, and customer abroad want to buy.

Economics