Pearson eText Economics of Money, Banking and Financial Markets, The, Business School Edition -- Instant Access (Pearson+)
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Chapter 6, Problem 6Q
To determine

Trustworthiness of credit-rating agencies.

Concept Introduction:

Credit rating agencies are the companies which rate debt securities and other financial instruments according to the risk these financial instruments carry.

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Why do we add up total spending to compute GDP when GDP is supposed to be measuring production?
not use ai please
GDP 2017 Q3 2.8% Equipment 9.8% Nonresidential Structures 5.7% 2017 Q4 2.3 9.9 1.3% 2018 Q1 2.2 8.5 13.9 2018 Q2 4.2 4.6 14.5 2018 Q3 3.4 3.4 -3.4 2018 Q4 2.2 6.6 -3.9 (Note: all figures on an annual rate basis) The quarterly growth rates of real GDP and investment spending on equipment and structures for the six quarters prior to the pandemic are described above. In his first term in office, Trump lowered both personal and corporate income tax rates, expecting these moves to generate stronger growth. These took effect in January 2018 although the taxes withheld from paychecks did not drop immediately. Based on the data above, did the tax cuts do what they were expected to do? Be specific.
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