How does GDP deal with a Toyota produced in Kentucky?
A. It is not counted at all.
B. Is counted at twice the value.
C. It is partially counted.
D. It is fully counted.
Answer: D
You might also like to view...
Which barrier to entry is an exclusive right granted to the author or composer of a literary, musical, dramatic or artistic work?
A) patent B) copyright C) public franchise D) government license E) natural barrier
What is the government’s primary method for providing public goods and reducing free riders?
a. Requiring citizens to pay taxes b. Shifting R&D to private firms c. Investing in higher education d. Guaranteeing intellectual property rights
Ninety percent of spending on education happens at the ______________ level.
a. federal b. federal and state c. state d. state and local
A firm that has little ability to influence market prices operates in a
a. competitive market. b. strategic market. c. thin market. d. power market.