GDP measures
A. the market value of final products produced in the nation during the year.
B. the sum of the market value of final products produced and imported during the year.
C. the market value of intermediate products produced during the year.
D. the sum of the market value of both final and intermediate products produced during the year.
A. the market value of final products produced in the nation during the year.
You might also like to view...
For which of the following will the law of one price hold best?
A) shirt B) butter C) gold D) milk
Arbitrage creates profits but has no effect on prices
Indicate whether the statement is true or false
Which of the following observations about outsourcing is true for the U.S. economy?
a. The U.S. is the smallest international outsourcer in terms of dollar value. b. About 30 percent of U.S. manufacturing costs were outsourced in 2003. c. The highest percentage of outsourcing by U.S. businesses in 2003 was to other firms located in the United States. d. Imports of business services by the U.S. made up around 2.5 percent of gross domestic product in 2003.
If at a given real interest rate desired national saving is $200 billion, domestic investment is $100 billion, and net capital outflow is $80 billion, then at that real interest rate in the loanable funds market there is a
a. surplus. The real interest rate will rise. b. surplus. The real interest rate will fall. c. shortage. The real interest rate will rise. d. shortage. The real interest rate will fall.