Gross domestic product is the total ________ produced within a country in a given time period
A) market value of all final and intermediate goods and services
B) market value of all goods and services
C) amount of final and intermediate goods and services
D) market value of all final goods and services
D
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Assume that the inflation rate in an economy is measured on the vertical axis and the annualized growth rate of money supply minus the annualized growth rate of real GDP is measured on the horizontal axis on a graph
If a curve is plotted to establish the relationship between both variables, the curve is likely to be: A) vertical. B) upward sloping. C) horizontal. D) downward sloping.
If your assets are highly liquid, this means you can make transactions on short notice
Indicate whether the statement is true or false
When a reward might not occur, economists incorporate the uncertainty by multiplying the reward by a:
A) positive factor more than 1. B) positive factor less than 1. C) negative factor more than -1. D) negative factor less than -1.
The intense competition of free trade prevents the investment that generates economic growth.
a. true b. false