The Bureau of Economic Analysis excludes from its calculation of GDP most of the goods produced that are not sold in markets because
A) their production has no real costs.
B) their value is implicitly included in the prices of marketed goods.
C) there is no satisfactory way to measure their value.
D) they do not contribute to national welfare.
E) this would be inappropriate for an exchange economy.
C
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In the foreign exchange market, an increase in the supply of dollars could be the result of
A) an increase in the expected future exchange rate. B) a decrease in the U.S. interest rate differential. C) a decrease in the exchange rate. D) an increase in the exchange rate. E) an increase in the U.S. interest rate differential.
The aggregate demand curve would shift to the right as a result of
A. a decrease in the U.S. real interest rate. B. a decrease in the amount of money in circulation. C. a drop in the price level. D. tax increases.
Which of the following items is NOT a component of the income approach to measuring U.S. GDP?
A) interest earned on savings deposits B) profits made by businesses C) income earned by businesses that export goods D) investment
If Taco Bell determines that the demand for its food is elastic, Taco Bell should raise its price to increase its total revenue
Indicate whether the statement is true or false