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6. What is a Trade surplus
- Exports = Imports
- Exports > Imports
- Exports < Imports
- Exports - Imports
7. What is Government Expenditure
- Spending by the central government and local government on goods and services not including tranfer payments
- The amount of imported goods in the country
- Spending by the central government and local government on goods and services plus transfer payments
- Spending by local mps on shopping
8. What is the calcuation for Aggregate Demand?
- C+I+G-(X-M)
- C+I+G+(X+M)
- C+I+G+(X-M)
- C-I+G+(X-M)
9. What is the Jobs seekers allowance
- A benefit paid by the government to those unemployed and trying to find a job
- A benefit made from consumers for consumers
- A benefit to the employed
- A benefit paid by the government to those unemployed and not trying to find a job
10. What are Transfer Payments
- Money transfered from one to another not in return for goods
- Money transfered from one to another in return for goods
- Goods transfered from one to another
- Services transfered from one or more people to another
11. What does EXPORTS minus IMPORTS equal
- Government Expenditure
- Trade/ Exports
- Net Trade/Net Exports
- Consumption
12. What is Aggregate Demand?
- The total Demand for a country's goods and services at a given price level
- The total supply in the world of goods and services
- The total supply for a countrys goods and services at a given price level
- The total demand for goods and services at a price level on the moon
13. What is Gross Domestic Product (GDP)
- The sum of C+I+G+(X-M)
- The total imported into a country
- The total output produced in a country
- The output produced in a country
14. What are exports
- Products bought within a country
- Products bought from abroad
- Products sold abroad
- Products sold within a country