Which of the following must be included in the calculation of GDP?
a. The sale of a used car to an auto dealer
b. Bartering lawn care services for car washes
c. A father staying at home to attend to his child
d. The sale of an illegal cable box
e. Payment made for a SAT preparation class
e
You might also like to view...
The above figure shows the market for pizza. The market is in equilibrium. Pizza and tacos are substitutes for consumers. The price of tacos falls. What point represents the most likely new price and quantity?
A) A B) B C) C D) D E) E
Find the BLS's rate of unemployment from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000
a. 17.5 percent b. 23.3 percent c. 24.6 percent d. 28.8 percent e. 38.3 percent
In terms of industrial policy, clusters refer to:
A. networks of interdependent firms, universities, and businesses that focus on production of a specific type of good. B. firms in an economy that are so interconnected, when one fails, they all fail. C. the industries supported in a country practicing export-led growth policy. D. the industries supported in a country practicing import substitution policy.
A positive economic statement simply describes what is
Indicate whether the statement is true or false