Deck 2

Question 1

“Inferior” goods according to economists are defined as:

Answer 1

Sales fall when incomes rise.

Question 2

GDP formula:

Answer 2

Consumption by households+Investments+Government Spending+Net Exports

Question 3

Sovereign Wealth Funds

Answer 3

Government investments funded by foreign currency reserves that are managed separately from official currency reserves and invested for profit

Question 4

The primary sources of funds for sovereign wealth funds would be:

Answer 4

Earnings from commodity-based exports and trade surpluses driven by the export of manufactured goods.