Double counting (counting the same thing twice) in GDP accounting is avoided by not including
A) net exports.
B) intermediate goods.
C) illegal activities.
D) depreciation.
B
Economics
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In the above figure, a technologically inefficient point is
A) a. B) e. C) g. D) f.
Economics
In a laissez-faire economy, what determines the distribution of output?
What will be an ideal response?
Economics
Special interest legislation is inefficient because of logrolling
a. True b. False
Economics
If in some year nominal GDP was $10 trillion and real GDP was $4 trillion, what was the GDP deflator?
a. 25. b. 40. c. 250. d. 400.
Economics