When measuring GDP, only final goods and services are counted in order to avoid double counting
Indicate whether the statement is true or false
T
You might also like to view...
Steven Levitt and Chad Syverson compared home sales in which real estate agents are hired by others to sell a home to instances in which an agent sells his or her own home. They found that homes owned by real estate agents sold for 3
7 percent more than other houses and stayed on the market 9.5 days longer, everything else equal. How could moral hazard explain these results?
Which region has the most children (total number) working?
What will be an ideal response?
The market demand curve shows how the total quantity demanded of a good varies as the income of buyers varies, while all the other factors that affect how much consumers want to buy are held constant
a. True b. False Indicate whether the statement is true or false
As people buy more and more of a service, their consumer surplus
A. increases. B. decreases. C. falls to zero. D. becomes negative.