Gross domestic product is a dollar measure of
A. total gross investment in an economy.
B. total industrial sales in a particular time period.
C. the total physical product of the economy.
D. the value of all final goods and services produced in one time period.
Answer: D
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When producing goods and services along a PPF, tradeoffs exist because
A) not all production is efficient. B) society has only a limited amount of productive resources. C) buyers and sellers often must negotiate prices. D) human wants and needs are limited at a particular point in time.
Explain what Eurocurrencies are and why they are significant
What will be an ideal response?
Assume that when price is $20, quantity demanded is 9 units, and when price is $19, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?
A) $20 B) $19 C) $10 D) $1
As a portion of total assets measured in billions of dollars, the least important asset on the Fed's balance sheet is:
A. loans. B. foreign exchange reserves. C. securities. D. gold.