The GDP price index measures changes in the ________.
A. cost of resources employed in the nation
B. amount of resources available in the nation
C. prices of the output produced in the nation
D. value of final output produced in the nation
Answer: C
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Which of the following market structures is (are) capable of earning positive economic profits in the long run?
A) monopoly B) oligopoly C) monopolistic competition D) Both A and B.
A multi-plant firm has three plants. At its current production levels, the marginal cost of production is $1.50 at plant 1, $1.50 at plant 2, and $1.50 at plant 3. The firm's overall marginal cost of production is ________.
A) $7.50 B) $1.50 C) $4.50 D) $3.00
A country will grow faster if
What will be an ideal response?
Which of the following is true of interest-rate risk?
A. It refers to the probability that a borrower will default on debt obligations. B. It is the risk that the coupon rate for a bond will change, affecting current bondholders' coupon payments. C. Individuals owning long-term bonds are exposed to greater interest-rate risk. D. It is the risk that the face value of a bond will change before maturity.