Fill in the blank: National income accountants who measure GDP try to avoid the ________ problem by only measuring the market value of all final goods and services produced within a country
A) double trouble
B) double indemnity
C) double counting
D) double jeopardy
E) double-your-pleasure
C
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An increase in the real rate of interest that can be earned on U.S. investments above the rate that can be earned on investments in India would:
a. increase the price of the dollar in Indian rupees. b. increase the supply of dollars by those holding U.S. dollars. c. decrease the equilibrium exchange rate of Indian rupees per dollar. d. all of these.
If the dollar price of the English pound goes from $1.50 to $1.75, the dollar has
a. appreciated, and Americans will find English goods cheaper. b. appreciated, and Americans will find English goods more expensive. c. depreciated, and Americans will find English goods cheaper. d. depreciated, and Americans will find English goods more expensive.
A market shortage occurs if the quantity:
A) demanded is greater than the quantity supplied. B) demanded is less than the quantity supplied. C) demanded is equal to the quantity supplied. D) supplied is greater than the quantity demanded.
The distinction between microeconomics and macroeconomics is
A. determined by economists in a clear and concise manner. B. narrowly drawn, and microeconomic analysis often relies on macroeconomic tools. C. often blurred because aggregates are made up of individuals and firms. D. clearly drawn, and there is no overlap between them.