Suppose an apartment complex converts to a condominium, so that the former renters are now owners of their housing units. suppose further that a current estimate of the value of the condominium owners' housing services is the same as the rent they previously paid. what happens to gdp as a result of this conversion?
a. gdp necessarily increases
b. gdp necessarily decreases
c. gdp is unaffected because neither the rent nor the estimate of the value owner- occupied housing services (also known as imputed rent) is included in gdp
d. gdp is unaffected because previously the rent payments were included in gdp and now the rent payments are replaced in gdp by the estimate of the value of owner occupied housing services (also known as imputed rent).

Payday loans could be considered as a. illegal b. subprime lending c. good deal for borrower d. for frequent use

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?