Question: Please just answer the multiple choice question. No further explanation is needed, wanted, required. Thank you. GDP will include Select one: a.The sale of a

Please just answer the multiple choice question. No further explanation is needed, wanted, required. Thank you.

GDP will include

Select one:

a.The sale of a used car to a consumer for private use

b.The sale of a new car to a car rental agency

c.The sale of a new car to a consumer for private use

d.The sale of a used car to a car rental agency

Which of the following would be considered a fiscal policy action?

Select one:

a.All answers are correct

b.An income tax increase to slow down the growth in aggregate demand

c.NSW state government subsidy to wind farms

d.Australian Taxation Office ramping up auditing to catch income tax evaders

When government borrows in the domestic market to finance budget deficit one can expect

Select one:

a.none of the answers is correct

b.higher interest rates, exchange rate appreciation, and lower net exports.

c.exchange rate depreciation and higher net exports.

d.exchange rate depreciation and lower net exports.

Because Australia is an open economy, when RBA pursues a contractionary monetary policy we expect

Select one:

a.Australian dollar to appreciate in value and next exports to decrease

b.Australian dollar to appreciate in value and next exports to increase

c.Australian dollar to depreciate in value

d.Australian dollar to depreciate in value and next exports to increase

Jenny is a cook at a restaurant and her hourly wage is $200. For her husband's birthday, she cooks an elaborate meal at home that takes her 5 hours to complete. As a result, the country's GDP

Select one:

a.increases by $1000

b.might increase or decrease, depending on her income tax rate

c.decreases by $1000

d.remains the same

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