Assume a small nation has the following statistics: its consumption expenditure is $150 million, investment is $40 million, government expenditures on goods and services is $20 million, exports of goods and services to foreigners is $10 million, and imports of goods and services from foreigners is $1.5 million. a. Calculate this nation's GDP. b. Calculate this nation’s net exports

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%