The best definition of GDP is
A. A physical measure of the capital stock of the economy.
B. A dollar measure of final output produced during a given time period within a nation's borders.
C. A measure of the per capita economic growth rate of the economy.
D. The sum of the physical amounts of goods and services in the economy.
Answer: B
You might also like to view...
How does the federal government raise revenue? What is the largest source of revenue for the federal government? Do state governments also raise revenue from the same sources as the federal government?
What will be an ideal response?
Traditionally, Wall Street investment banks had been organized as partnerships, but by 2000 they had converted to being publicly traded companies
As partnerships, the principal-agent problem is ________ because there is ________ separation of ownership from control. A) increased; little B) reduced; much C) reduced; little D) increased; much
Which of the following is NOT an example for third-degree price discrimination?
A) discounted coupons for toothpastes in the newspapers B) discounts for Saturday night stayovers C) discounts for bulk orders D) discounts for senior citizens at amusement parks
If the demand for baseballs increases, then as a result, it is highly likely that the demand for:
A. leather will increase. B. bats will decrease. C. soccer balls will rise. D. tennis balls will increase.