The formula C + / + G + EX - IM is the to calculating GDP. Select one: O A. expenditure approach O B. only accurate approach O C. income approach O D. value-added approach The equation for GDP using the expenditure approach is Select one: O A. GDP = C + / + G + EX + IM. O B. GDP = C + / + G + EX - IM. O C. GDP = C + /+ G - EX - IM. O D. GDP = C +1 + G + (IM - EX).Refer to the information provided in Table 8.7 below to answer the questions that follow. Table 8.7 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 200 300 100 400 450 100 600 600 100 800 750 100 1,000 900 100 Refer to Table 8.7. At an aggregate output level of $600 billion, the unplanned inventory change is Select one: O A. -$100 billion. O B. -$50 billion. O C. $0. O D. $50 billion.In a business cycle, a peak represents the end of and a trough represents the end of Select one: O A. a recession; an expansion O B. a depression; an expansion O C. a trough; a peak O D. an expansion; a recession An example of a transfer payment is Select one: O A. the salary paid to a member of the armed forces. O B. an interest payment on a General Motors' bond. O C. a Social Security retirement benefit. O D. the added value of stock from the time it was bought to the time it was sold.Table 6.1 $Billions Durable goods 800 Nonresidential investment 400 Federal purchases of goods 300 Exports 400 State and local purchases of goods 200 Residential investment 50 Services 500 Imports 250 Change in business inventories -25 Nondurable goods 700 Refer to Table 6.1. The value of gross domestic product in billions of dollars is Select one: O A. 3,000. O B. 3,075. O C. 3,125. O D. 3,750.Refer to the information provided in Table 6.2 below to answer the questions that follow. Table 6.2 $Billions Federal purchases of goods 800 Services 500 Imports 200 Change in business inventories 40 Durable goods 300 Nondurable goods 600 Exports 50 Residential investment 200 State and local purchases 200 Nonresidential investment 650 Refer to Table 6.2. Personal consumption expenditures in billions of dollars are Select one: O A. 900. O B. 1, 100. O C. 1,400. O D. 1,600.Refer to the information provided in Table 10.1 below to answer the questions that follow. Table 10.1 First Charter Bank Assets Liabilities Reserves $800 Deposits Loans $400 Net Worth Total $1,200 Total Refer to Table 10.1. The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its loans equal Select one: O A. $1,800. O B. $1,000. O C. $900. O D. $600.Money is Select one: O A. anything that is generally accepted as a medium of exchange. O B. the value of all coins and currency in circulation at any time. O C. backed by gold in Fort Knox. O D. the same as income. Which of the following is not a topic studied in Macroeconomics? Select one: O A. the unemployment rate O B. gross domestic product O C. the inflation rate O D. the price of Dell computers