Durable Goods Consumption Expenditures 350 Nondurable Goods

Durable Goods Consumption Expenditures

$350

Nondurable Goods Consumption Expenditures

$1,000

Services Consumption Expenditures

$3,000

Business Fixed Investment

$1,500

Change in Inventories

-$100

Government Consumption Expenditures and Gross Investment

$2,000

Exports

$700

Imports

$1,000

Refer to the table shown here. What is the value of gross private domestic investment?

$1,500.

$1,400.

$1,600.

$2,000.

17Those individuals 16 years of age and over who are working in a job or actively seeking employment are called:

the labor force.

the employed.

the unemployed.

none of the above.

18Changes in taxes and spending by the executive and legislative branches of a country\'s government that can be used to either stimulate or restrain the economy are called:

monetary policy.

fiscal policy.

foreign policy.

exchange rate policy.

19Policies adopted by a country\'s central bank that influence interest rates and credit conditions, which in turn influence consumer and business spending are called:

monetary policy.

fiscal policy.

foreign policy.

exchange rate policy.

Solution

Q17 Those individuals 16 years of age and over who are working in a job or actively seeking employment are called the labor force.

Q18 Changes in taxes and spending by the executive and legislative branches of a country\'s government that can be used to either stimulate or restrain the economy are called fiscal policy.

Q19 Policies adopted by a country\'s central bank that influence interest rates and credit conditions, which in turn influence consumer and business spending are called exchange rate policy.