GDP in 2015 would not include the resale of a house built in 2000.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In a monopolistically competitive market,
a. there are only a few sellers. b. each firm takes the price of its product as given. c. firms can enter or exit the market without restrictions. d. each firm produces a product that is essentially identical to the products of other firms in the market.
In the United States, of the following decades economic growth was most rapid during the ________
A) 1960s B) 1990s C) 1970s D) 2000s
One likely reason that the country of Appleland is poor is that it
a. does not produce many goods and services b. has highly educated and productive female workers c. has a low birth rate d. enjoys a low infant mortality rate e. has a high literacy rate
The foreign exchange market is the market where
A) goods and services of different countries are exchanged. B) currencies of different countries are exchanged. C) transportation services for foreign goods are contracted. D) either a or c E) none of the above