The Quantity of Real GDP Demanded Does Not Depend on Decisions

question 134

Multiple Choice

The quantity of real GDP demanded does not depend on decisions made by

• A)foreigners.
• B)households.
• C)suppliers.
• D)governments.
• E)firms.

---

Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Payments

The transfer of money or its equivalent from one party to another as a fulfillment of an obligation or for the acquisition of goods or services.

Compounded Semiannually

Refers to the process of applying interest to a principal sum twice a year, resulting in an increase in the amount of interest earned or paid.

Semiannual

Occurring twice a year; pertaining to a period of six months.