Page 156 - Macroeconomics. book docx_Neat

A. Deficit

B. Surplus

C. Revenue = Expenditure

D. Zero spending

17. Output approach measures GDP by:

A. Spending

B. Income

C. Value added

D. Population

18. Foreign sector affects GDP through:

A. C

B. I

C. (X − M)

D. G

19. Accelerator principle links investment to:

A. Interest rate

B. Income changes

C. Inflation

D. Saving

20. Business cycles include:

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