Which of the following activities would be included in GDP?
A. You hire a cleaning service at $40 to clean your house.
B. Your roommate pays you $40 to clean the house.
C. Your parents send you $40 to hire a house cleaner, and you clean the house and keep the $40 yourself.
D. All of these would be included in GDP, since there was a monetary exchange.
A. You hire a cleaning service at $40 to clean your house.
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A tariff ranging from 28 percent to 113 percent on Chinese frozen shrimp is an example of
A. a policy protecting American consumers from foreign producers. B. a policy protecting American fisheries from overfishing. C. a policy protecting domestic producers from foreign producers. D. a policy using regulations and taxes to protect American consumers.
The ratio of a bank's after-tax profit to bank capital is known as
A) net interest margin. B) return on equity. C) return on capital. D) spread.
Compounding refers to the
A. process of earning interest on both the principal and the interest of an investment. B. internal rate of return a firm earns on an investment. C. real interest return after taxes. D. calculation of after tax interest returns.
An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and 10 percent. What is the Herfindahl-Hirschman Index?
What will be an ideal response?