The expenditure on consumption in Berylia during a particular year was 310,000, the expenditure on investment was 180,000, the expenditure incurred by the government was 75,000, the expenditure of foreign economic agents on domestic products was
80,000, and domestic expenditure on foreign produced goods was 103,000. What is the gross domestic product of Berylia during that year?
A) 542,000 B) 530,000 C) 645,000 D) 479,000
Question 2
Why is it unlikely that tax increases will be the way to eliminate current U.S. federal budget deficits?
A) The revenues generated by increasing taxes on the rich would only pay for a small portion of the federal budget deficit in any recent year.
B) Increasing every worker's taxes by the same amount could eliminate the deficit, but it is likely this action would be viewed as too burdensome for workers with modest incomes.
C) Since World War II, on average when taxes were increased by a dollar, federal government spending increased by that much and more.
D) All of the above.
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