1. U.S. GDP a. includes production of foreigners working in the U.S. and product
ID: 1184604 • Letter: 1
Question
1. U.S. GDP
a. includes production of foreigners working in the U.S. and production by U.S. residents working in foreign countries.
b. includes production of foreigners working in the U.S. but excludes production by U.S. residents working in foreign countries.
c. excludes production of foreigners working in the U.S. but includes production by U.S. residents working in foreign countries.
d. excludes production of foreigners working in the U.S. and production by U.S. residents working in foreign countries.
2.
3.
The labor-force participation rate tells us the fraction of the population that a. is able to participate in the labor market. b. has ever been employed. c. has chosen to participate in the labor market. d. has chosen not to participate in the labor market.
4.
A larger budget deficit a. raises the interest rate and investment. b. reduces the interest rate and investment. c. raises the interest rate and reduces investment . d. reduces the interest rate and raises investment.
Explanation / Answer
1) d 2)b 3)b
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