Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer payments (TP) = 15
Taxes (T) = 75
Exports (X) = 10
Imports (M) = 5
Y= C + I + G + (X-M) Y = 300 + 50+ 5 + 70 Y=425 Disposable Income= Gross Income - Taxes + Transfer Payments DI = Y - T + TP DI = 425 - 75 + 15 DI = 365
Which of the following statements about graphs of short-run cost curves is false?
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Which of the following demand functions has unitary elasticity everywhere?
The primary deficit in a government budget will be zero, when _______
A firm should increase investment when :
By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.
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Interest payments: $15 billion
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Which of the following is not an instrument of Monetary Policy?
