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Table 21.4 $Billions Depreciation 40 Receipts of factor income from the rest of the world 30 Government purchases 100 Imports 50 Payments of factor income
Table 21.4 $Billions Depreciation 40 Receipts of factor income from the rest of the world 30 Government purchases 100 Imports 50 Payments of factor income to the rest of the world 50 Net private domestic investment 200 Personal income taxes 120 Personal consumption expenditures 600 Dividends 20 Exports 60 Amount of national income not going to households 20 30) Refer to Table 21.4. The value for GDP in billions of dollars is A) 910. B) 920. C) 950. D) 1,050. Refer to Scenario 3.3 below to answer the question (s) that follow. SCENARIO 3.3: Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves. 31) Refer to Scenario 3.3. As a result of the recall, you would expect that A) the price of mustard would increase, the supply of mustard would increase, and the quantity demanded of mustard would decrease. B) the supply of mustard would decrease, the price of mustard would increase, and the demand for mustard would decrease C) the supply of mustard would decrease, the price of mustard would increase, and the quantity demanded of mustard would decrease. D) the price of mustard would increase and both the quantity of mustard supplied and the quantity of mustard demanded would increase
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