While calculating a nation's output per hour worked, the farming sector is excluded. This is because their output is not sold in the market and their productivity is hard to measure
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
For all points above the 45-degree line, planned aggregate expenditure will be less than GDP
Indicate whether the statement is true or false
Economics
The real interest rate can be negative
a. True b. False Indicate whether the statement is true or false
Economics
Is Water a Free Good?
Read the International Food Policy Research Institute's summary of Mark Rosegrant's article on water scarcity.
Questions:
- Is water a free good or a scarce good? Why?
- Why would a higher price for water reduce the likelihood of a future water shortage?
Economics
How would a decrease in the price of the feed grains used to feed cattle affect the market for beef?
A. The demand for beef would increase, increasing beef prices. B. The demand for beef would decrease, decreasing beef prices. C. The supply of beef would increase, decreasing beef prices. D. The supply of beef would decrease, increasing beef prices.
Economics