Which of the following will fail to be measured by the GDP?
a. The number of iPads sold triples in a seven-year period.
b. The price of HDTVs decreases 10 percent over a five-year period.
c. The number of cable TV subscriptions doubles over a ten-year period.
d. The quality of a cell phone improves significantly in a five-year period.
d. The quality of a cell phone improves significantly in a five-year period.
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Economic growth is generally measured as the percentage increase in a country's
A) real GDP. B) nominal GDP. C) annual employment rate. D) per-capita nominal GDP.
Which of the following statements is true about a simple circular flow model?
A) Producers are buyers in the factors market. B) Producers are neither buyers nor sellers in the product market. C) Households are neither buyers nor sellers in the input market. D) Households are sellers in the product market.
Does the concept of limited liability make owning stocks more or less attractive? Explain.
What will be an ideal response?
Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Figure 31.1Refer to Figure 31.1. Economic growth is represented by
A. a movement from Point A to Point B along ppf1. B. a shift in the production possibilities frontier from ppf2 to ppf1. C. a movement from Point B to Point A. D. a movement from Point B to Point C.