GNP is the:
A. aggregate final output of the citizens and businesses of an economy in a one-year period.
B. total market value of all final goods and services produced in an economy in a one-year period.
C. aggregate output of the citizens and businesses of an economy in a one-year period.
D. total market value of all goods and services produced in an economy in a one-year period.
Answer: A
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A. About 10 percent B. About 20 percent C. About 33 percent D. About 50 percent
Entrepreneurs engage in
A) arbitrage. B) innovation. C) imitation of other successful entrepreneurs. D) all of the above.
The internal rate of return is likely to lead to incorrect decisions.
A. True B. False C. Uncertain
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A. those who resigned from their job B. new entrants into the job market C. those who were fired from their job D. All of these are correct.