When GDP is calculated as the final demand for goods and services by consumers, businesses, governments, and foreigners, then GDP is measured by
A. the sum of all value added.
B. the sum of all productive resource inputs.
C. the sum of all factor payments.
D. the sum of final goods and services.
Answer: D
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According to the expectations theory, what will be the interest rate on a three-year bond if a one-year bond has an interest rate of 2% and is expected to have an interest rate of 3% next year and 5% in two year?
Report your answer using a percentage with two decimal places.
In a market economy, government officials make most production decisions in a centralized manner
a. True b. False Indicate whether the statement is true or false
In a perfectly competitive market, when the price is greater than the minimum average total cost for all firms:
A. positive economic profits are being earned. B. firms will exit, causing the price to drop. C. firms will enter, causing the price to increase. D. None of these is true.
When was the Clayton Act passed, and what were the main practices that it outlawed?
What will be an ideal response?