Question

In: Economics

1. Development of new housing tracts in New Mexico is counted in GDP under: (a) personal...

1. Development of new housing tracts in New Mexico is counted in GDP under: (a) personal consumption expenditures for durable goods; (b) personal consumption expenditures on housing services; (c) gross private domestic investment; (d) business fixed investment.

2. . The possibility that even a relatively or seemingly minor event somewhere in the world could spread and disrupt the entire real economy is known as: (a) operational risk; (b) credit risk; (c) a liquidity trap; (d) systemic risk.

3. The Federal Open Market Committee of the Fed consists of: (a) the 7 members of the Board of Governors; (b) the Presidents of the 12 Federal Reserve Banks; (c) the 7 Governors and 12 Presidents; (d) the 7 Governors, the 12 Presidents and the Secretary of the Treasury.

Solutions

Expert Solution

ANS 1. Option (c). Gross private domestic investment .

Reason - The Development of new housing tracts as Expenditure on residential structure and residential building I.e. Residential investment is a part of Gross Private Domestic investment. Of New Mexico's GDP

ANS 2. Option ( D ) -. Systemic Risks

Reason - Systemic Risks is the risk in which the possibility of minor event somewhere can disrupt the entire the real economy like the risk of an individual financial entity can lead to collapse of an entire financial System.

ANS 3. Option ( A) - 7 members of Board of Governor's

Reason - The Federal Reserve System consists of 7 members of Board of Governor's of Fed Reserve System

Rahul Sunny answered 2 years ago
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