The portion of the GDP that takes the form of consumer goods and services is approximately
a. one-fourth.
b. one-third.
c. one-half.
d. seven-tenths.
d. seven-tenths.
Economics
You might also like to view...
If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?
A) $12 trillion B) $6 trillion C) $3 trillion D) $333 billion
Economics
In developing economies, national saving is often ________ relative to developed economies
A) high B) the same C) hard to tell D) low E) low for the very poor countries and high for the more developed
Economics
Transfer payments are an injection into the circular flow of income and expenditure model
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following countries has the greatest percentage of people living in extreme poverty?
A. Congo. B. China. C. Bolivia. D. India.
Economics