Question 8 Not yet answered Marked out of 1 Not flaggedFlag

Question 8 Not yet answered Marked out of 1 Not flaggedFlag question Question text Disposable Income equals Select one: a. Income minus bills b. Transfer payments plus income c. Income minus taxes plus transfer payments d. Consumption spending of income

Question 9 Not yet answered Marked out of 1 Not flaggedFlag question Question text The highest point in the Business Cycle (long term cycle of GDP growth) is called the Select one: a. Apex b. Summit c. Crest d. Peak

Question 10 Not yet answered Marked out of 1 Not flaggedFlag question Question text Public librarians’ salaries, snow removal of city streets, and the purchase of aircraft carriers are all included in which category of GDP? Select one: a. Consumption b. Government Spending c. Investment d. Net Exports

Solution

8. c. Income minus taxes plus transfer payments

9. d. Peak

10. b. Government Spending