This topic contains a solution. Click here to go to the answer

Author Question: If a small open economy reduces its budget deficit, the result will be: A) a lower world real ... (Read 50 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
If a small open economy reduces its budget deficit, the result will be:
 
  A) a lower world real interest rate, but no change in the domestic real interest rate
  B) a lower domestic real interest rate, but no change in the world real interest rate
  C) lower domestic and world real interest rates
  D) no change in either the domestic or world real interest rate

Question 2

Acme Steel Co produces 1000 tons of steel. Steel sells for 30 per ton. Acme pays wages of 10,000. Acme buys 15,000 worth of coal, which is needed to produce the steel. Acme pays 2,000 in taxes. Acme's contribution to GDP is
 
  A) 15,000.
  B) 20,000.
  C) 30,000.
  D) 45,000.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

D

Answer to Question 2

A




savannahhooper

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Gracias!


LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library