What is a gdp?
Answer: GDP measures the market value of all final goods and services produced in the economy during a given period- 1 year.
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Spending on imports should get _________ GDP, and spending on exports should be __________.
A. subtracted from; included B. included in; included as well C. subtracted from; subtracted as well D. included in; subtracted
Antitrust laws are designed to
A. preserve competition. B. protect the environment. C. protect the public’s trust in the government. D. All of the responses are correct.
Which of the following contributed to the soaring housing prices during 2002-2004?
a. the Fed's high-interest rate policy b. the tightening of loan standards by commercial lenders c. the increasing popularity of fixed-rate, long-term loans to lock in low interest rates d. the Fed's low-interest rate policy
Which of the following is a component included in the measure of GDP, according to the income approach?
A. Investment. B. Personal savings. C. Interest. D. Consumption expenditures.