43. In 2008, U.S. GNP exceeded U.S. GDP by approximately $133 billion. This implies that A...
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43. In 2008, U.S. GNP exceeded U.S. GDP by approximately $133 billion. This implies that A US factor income cared abroad exceeded foreign factor income by $133 billion. BUS. factor income named abroad was $133 billion less than foreign factor income. C.U.S. depreciation was $133 billion. D.U.S. depreciation was-$133 billion 44. When Classical economists of the 1930s looked at the Great Depression, they: A. lacked a good explanation of why it was happening. 8. blamed it on the inherent instability of the market. C. blamed it on activist fiscal and monetary policies. D. thought it was a result of prices adjusting too quickly. 45. In 2008, gross investment was $2,593 billion and net investment was $873 billion; therefore depreciation was: A. $873 billion. B. $1,720 billion. C. $2,593 billion. D. $3,466 billion 43. In 2008, U.S. GNP exceeded U.S. GDP by approximately $133 billion. This implies that A US factor income cared abroad exceeded foreign factor income by $133 billion. BUS. factor income named abroad was $133 billion less than foreign factor income. C.U.S. depreciation was $133 billion. D.U.S. depreciation was-$133 billion 44. When Classical economists of the 1930s looked at the Great Depression, they: A. lacked a good explanation of why it was happening. 8. blamed it on the inherent instability of the market. C. blamed it on activist fiscal and monetary policies. D. thought it was a result of prices adjusting too quickly. 45. In 2008, gross investment was $2,593 billion and net investment was $873 billion; therefore depreciation was: A. $873 billion. B. $1,720 billion. C. $2,593 billion. D. $3,466 billion
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Related Book For
International Economics
ISBN: 978-1429278447
3rd edition
Authors: Robert C. Feenstra, Alan M. Taylor
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