Which is included in GDP?
a. 100 shares of stock in the stock market
b. Social Security payments
c. A new computer
d. Used furniture purchased by consumers
c. A new computer
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Both the Latin American countries and the sub-Saharan countries have poor economic growth records due to
A) climate. B) geography. C) colonization. D) arbitrary governance. E) indifference from the World Bank.
In the above figure, a recession begins at point ________ and an expansion begins at point ________
A) a; b B) b; c C) b; a D) d; c
Carla had received very low annual return from her investment portfolio comprising of stocks of five companies for two years. Her decision to continue holding the same portfolio of assets will be an example of:
a. bounded rationality. b. selfishness. c. altruism. d. systematically missed opportunities.
A cartel is a group of firms with an implicit, informal agreement to fix prices and output shares in a particular market.
Answer the following statement true (T) or false (F)