Gross domestic product is a measure of
A. the dollar value of the aggregate measure of business as measured by the Dow Jones Industrial Average.
B. the total value of all transactions in U. S. markets.
C. the dollar value of final goods and services produced in the United States.
D. the added value of production.
Answer: C
You might also like to view...
Absolute advantage is determined by
A) actual differences in labor productivity between countries. B) relative differences in labor productivity between countries. C) Both A and B. D) Neither A nor B.
If a firm’s activities generate detrimental externalities, the marginal social cost will be less than the marginal private cost.
Answer the following statement true (T) or false (F)
An increase in government transfer payments will shift the aggregate demand curve to the right
A) by the initial change in consumption arising from the change in transfer payment × the spending multiplier. B) by the initial change in income arising from the change in transfer payment × the spending multiplier. C) by the change in transfer payments × times the spending multiplier. D) by the change in transfer payments × times the marginal propensity to consume
Which of the following is true about the GNI of the United States?
What will be an ideal response?