If we included intermediate goods in the calculation of GDP,
a. we would be underestimating GDP
b. we would be accurately measuring GDP
c. we would be overestimating GDP
d. any measurement problems would be offset by including the sale of new goods
e. any measurement problems would be offset by including the final goods as well
C
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Which curve summarizes inequality visually?
A. Laffer curve B. Income Inequality curve C. Gini curve D. Lorenz curve
Suppose a jar of orange marmalade that is ultimately sold to a customer at The Corner Store is produced by the following production process: Name of CompanyRevenuesCost of Purchased inputsCitrus Growers Inc.$0.750Florida Jam Company$2.00$.75The Corner Store$2.50$2.00If the oranges were grown and the jam produced in the year 2015, but the marmalade was sold at The Corner Store in the year 2016, what is the contribution of these transactions to GDP in the year 2016?
A. $0.00 B. $0.50 C. $2.50 D. $2.00
Briefly distinguish between a forward foreign exchange contract and a currency futures contract.
What will be an ideal response?
The unemployment rate equals [(the number of people unemployed)/(the population)] × 100
Indicate whether the statement is true or false