Author Question: The gross domestic product of Ritzland during a particular year was 120,000. If the expenditure ... (Read 44 times)

PhilipSeeMore · **on:** Jun 30, 2018

The gross domestic product of Ritzland during a particular year was 120,000.

If the expenditure on investment was 16,000, the expenditure incurred by the government was 35,000, the value of exports was 10,000, and the value of imports was 22,000, calculate the expenditure on consumption.
A) 37,500 B) 44,000 C) 19,000 D) 81,000

Question 2

The demand for money is downward sloping, because at higher interest rates

A) the opportunity cost of holding money is higher.
B) the opportunity cost of holding money is decreasing.
C) the opportunity cost of holding money is constant.
D) the opportunity cost of holding cash is lower.