A) upper turning point of a business cycle when a recession ends. B) lower turning point of a business cycle when a recession ends. C) upper turning point of a business cycle when an expansion ends. D) lower turning point of a business cycle when an expansion ends. A) upper turning point of a business cycle when a recession ends. B) lower turning point of a business cycle when a recession ends. C) upper turning point of a business cycle when an expansion ends. D) lower turning point of a business cycle when an expansion ends.

A) are made by households to firms in exchange for goods and services. B) are included in the government expenditure category in gross domestic product. C) refer to payments made by the government that are not made to purchase a good or service. D) refer to all payments made to households by governments. A) are made by households to firms in exchange for goods and services. B) are included in the government expenditure category in gross domestic product. C) refer to payments made by the government that are not made to purchase a good or service. D) refer to all payments made to households by governments.

\[\begin{array} { | l | l | } \hline \text { Corporate profits } & \$ 200 \\ \hline \text { Net interest } & 150 \\ \hline \text { Indirect taxes less sub sidies } & 230 \\ \hline \text { Depreciation } & 250 \\ \hline \text { Compensation of employees } & 1,350 \\ \hline \text { Proprietor's inc ome } & 150 \\ \hline \text { Rental income } & 70 \\ \hline \begin{array} { l } \text { Personal consumption } \\ \text { expenditures } \end{array} & 1,400 \\ \hline \begin{array} { l } \text { Government exp enditure on } \\ \text { goods } \\ \text { and services } \end{array} & 500 \\ \hline \text { Net exports of goods and services } & 40 \\ \hline \end{array}\] -Using the data in the above table, net private domestic investment equals

A) $510. B) $260. C) $210. D) some amount that cannot be determined without more information. A) $510. B) $260. C) $210. D) some amount that cannot be determined without more information.

A recession is a period of time during w

\[\begin{array} { | l | l | } \hline \text { Component } & \begin{array} { l } \text { Amount } \\ \text { (billions of } \\ \text { dollars) } \end{array} \\ \hline \begin{array}{l} \text { Personal consumption } \\ \text { expenditure } \end{array} & 3,720 \\\hline \begin{array}{l} \text { Government } \\ \text { expenditure } \end{array} & 430 \\\hline \text { Gros investment } & 610 \\ \hline \text { Net investment } & 520 \\ \hline \text { Exports } & 650 \\ \hline \text { Imports } & 720 \\ \hline \end{array}\] -Using the information in the table above, depreciation equals

A) -$90 billion. B) -$70 billion. C) $90 billion. D) some amount that cannot be determined. A) -$90 billion. B) -$70 billion. C) $90 billion. D) some amount that cannot be determined.