Which of the following is not part of U.S. GDP?
a. the value of a Toyota imported from Japan
b. the value of a Ford Mustang produced in the United States and sold in Canada
c. the salary of the governor of Minnesota
d. the value of a Rhode Island attorney's services
a
You might also like to view...
Explain how the use of leading economic indicators to predict recessions can lead to less accurate policy decisions
Wages are comparatively low in markets where demand for labor is high and supply is low.
Answer the following statement true (T) or false (F)
Which of the following statements concerning monopoly is NOT true?
A. A monopoly is always undesirable. B. A monopoly has market power. C. A market may be monopolistic because there are some legal barriers. D. There is some deadweight loss in a monopolistic market.
All of the following costs will vary depending on the geographic location of a firm's plant except which one?
A) zoning issues B) Federal employee taxes C) traffic regulations involving large trucks D) real estate values