Author Question: National income: a. is included in gross private domestic investment. b. includes the sum of all ... (Read 80 times)

EAugust · **on:** Jun 30, 2018

National income:
a. is included in gross private domestic investment.
b. includes the sum of all payments made to resource owners for the use of their resources.
c. includes depreciation.
d. is often measured as C + I + G + (X M).

Question 2

The net exports effect exists because a:
a. higher price level will reduce interest rates and stimulate foreign investment.
b. lower price level will make domestically produced exports less expensive relative to foreign goods.
c. higher price level will reduce the purchasing power of money.
d. lower price level will encourage Americans to import more foreign goods.