Category: The National Economy

A. C + 1
B. C + G
C. I + G
D. C + 1 + G

A. produced by the government
B. of products produced by a given industry
C. of labor supplied by all households
D. of goods and services produced in an economy

A. compare living standards of different countries
B. pay wages b multinational companies
C. estimate the costs of economic growth
D. convert nominal GDP to real GDP

A. imperfectly competitive markets:
B. Only the long run adjustments to equilibrium in the economy
C. The functioning of individual industries and the behavior of individual decision-making units business firms and households
D. the economy as a whole

A. personal saving and private investment
B. personal saving and personal consumption
C. personal consumption and private investment
D. None of the above

A. reduces, reduces
B. reduces, increase
C. increase, reduces
D. increases, increases

A. At the present time
B. corrected for tax changes
C. corrected for changes in interest rates
D. At current prices

A. consumption savings and taxes
B. savings government expenditure and imports
C. savings taxes and exports
D. savings taxes and imports

A. MPC and MPT
B. MPT and MPZ
C. MPC and MPZ
D. MPC, MPT and MPZ

A. increase, increase
B. falls, increase
C. falls, fall
D. increase, fall