One problem with using market values to measure GDP is that
A) you cannot compare completely heterogeneous goods by using their dollar values.
B) some useful goods and services are not sold in markets.
C) prices for some goods change every year.
D) market values of exported goods are usually priced in foreign currencies.
B
You might also like to view...
If a freeze destroys oranges before they are harvested, the equilibrium price of an orange ________ and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases
The real return of money is
A) 0. B) -r. C) -R. D) -i.
If the rate of inflation is 5 percent and the real interest rate is 3 percent, the nominal interest rate should be
A) 1 percent. B) 2 percent. C) 8 percent. D) -2 percent.
A competitive firm sells 500 units of output and its marginal revenue at 500 units of output is $35 . The firm's total revenue amounts to __________
Fill in the blank(s) with correct word