GDP equals the value added by producers of:
A. intermediate goods and services, as well as final goods and services.
B. intermediate goods and services only.
C. final goods and services only.
D. intermediate and final goods only.
Answer: A
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In the above table, the inflation rate between 2012 and 2013 is approximately
A) 0.9 percent. B) 1 percent. C) 10 percent. D) 100 percent.
Which of the following is used to calculate real GDP
a. Real GDP equals nominal GDP subtracted by price index multiplied by 100. b. Real GDP equals nominal GDP plus price index divided by 100. c. Real GDP equals nominal GDP multiplied by price index divided by 100. d. Real GDP equals nominal GDP divided by price index multiplied by 100.
We would expect the aggregate demand curve to be
A. Vertical. B. Horizontal. C. Upward sloping. D. Downward sloping.
If the idea of herd instinct is true, it suggests that the:
A. efficient-market hypothesis does, in fact, hold. B. inefficient-market hypothesis doesn't always hold. C. efficient-market hypothesis doesn't always hold. D. inefficient-market hypothesis does, in fact, hold.