1. what are the four key components that made up a macroeconomy under the expenditure approach and which one of the four is related to disposable personal income (dpi). be sure to state how. in other words, out of the four components, which one is influenced by dpi? 2. in your own words, provide a complete definition of gross domestic product (gdp). 3. comment on the differences between gdp and gnp (gross national product). provide examples. 4. define fiscal policy and what should the government do with fiscal policy in order to pull the economy out of a recession? 5. what are the four key components that made up a macroeconomy under the income approach?

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Describe the three different ways the argument section of a cover letter can be formatted