A. investment
B. net exports
C. government purchases
D. consumption
E. none of these answers
A. Consumption in increase by Rs40,000 and net export decreases by Rs40,000
B. Net exports increase by Rs40,000
C. There is no impact because this transaction does not involve domestic production
D. Investment increased by Rs40,000 and net exports increases by Rs40,000
A. intermediate production exceeds final production
B. foreigners are producing more in the Pakistan then Pakistanis are producing in foreign countries
C. real GNP exceeds nominal GNP
D. real GDP exceeds nominal GDP
A. the value of taking a day off from work
B. consulting services
C. intermediate sales
D. illegal drug sales
E. housework
A. must have fallen
B. must have risen
C. must have stayed the same
D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output
A. Pakistan -owned firms no matter where they are located in the world
B. The domestic manufacturing sector only
C. The domestic service sector only
D. People and factories located within the borders of the Pakistan
E. none of these answers
A. a haircut
B. the value of a lawyer’s services
C. a 2005 Honda made in Swindon
D. All of things mentioned in these answers should be counted in 2005 GDP.
A. Profit
B. rent
C. unemployment benefits
D. government purchases
E. wages
A. Is likely to want to decrease demand in the economy
B. Is likely to want to decrease demand in the economy
C. Is likely to want to stabilise demand in the economy
D. Is likely to want to increase supply in the economy
A. Add indirect taxes
B. Subtract subsidies
C. Deduct indirect taxes and subsidies
D. Deduct indirect taxes and add subsidies