Which part of this definition for GDP is incorrect? GDP measures the:
a. Wholesale value of,
b. All final goods and services,
c. Produced for the market,
d. By domestically owned or foreign-owned resources,
e. within a nation's geographic borders.
.A
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Thrift institutions importance as a source of funds for borrowers
A) has shrunk from around 40 percent of total credit advanced in the late 1970s to below 30 percent by 2014. B) has shrunk from over 20 percent of total credit advanced in the late 1970s to around 3 percent by 2014. C) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 25 percent by 2014. D) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 30 percent by 2014.
The United States has a much higher national debt as a percentage of GDP compared to other industrialized nations
a. True b. False Indicate whether the statement is true or false
If at an output of 10 units a monopolist is earning a positive profit, marginal revenue is $6, and marginal cost is $4, then the monopolist:
a. is in equilibrium. b. should increase output. c. should reduce output. d. should lower the price at the current output level. e. should raise the price at the current output level.
When the economy reaches a trough in a business cycle, which of the following will occur?
A) Income, production, and employment will continue to fall. B) Income, production, and employment will begin to rise. C) Income and production will rise, but employment will continue to fall. D) Employment rises, but income and production will continue to fall.