Gross domestic product (GDP) is the
A. total market value of goods and services consumed in a year.
B. total market value of goods (but not services) consumed in an economy in a year.
C. total market value of goods and services provided in an economy in a year by both residents and nonresidents of that country.
D. total cost of producing all goods and services sold in a year.
E. total market value of goods (but not services) produced in an economy in a year.
Answer: C
You might also like to view...
Whenever possible, effective business writers choose positive wording to communicate their messages, even in negative situations
Indicate whether the statement is true or false.
Ken Blanchard says that the key to developing people is to:
A) focus on catching them doing something right B) give them a clear path to follow for their careers C) mentor them closely for many years D) make sure they're in jobs that fit their skill sets E) use both internal and external rewards
Which of the following statements is true with regard to defined benefit and defined contribution pension plans?
A) It's easier for an employer to determine its annual pension contribution under a defined benefit plan than under a defined contribution plan. B) When a new pension plan is installed, it's more beneficial for older workers if it's a defined contribution plan rather than a defined benefit plan. C) The employer bears the investment risk under a defined contribution plan, and the employee bears the investment risk under a defined benefit plan. D) With a defined benefit plan, the retirement benefit is known is advance but the contributions vary; with a defined contribution plan, the contribution rate is fixed but the retirement benefit varies.
An investor who invests money into your business in exchange for equity receives ________.
A. a monthly dividend out of the business profits B. liability for any debt the business incurs C. a share of ownership of the business D. annual dividends