The value of all final goods and services produced during a given time period measures a nation's
A) net exports. B) net national product.
C) consumer price index. D) gross domestic product.
D
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Refer to the table above. Based on this information, we can conclude that Laborland has a ________
A) current account surplus B) current account deficit C) trade surplus D) budget deficit
What role do firms play in output markets? What role do firms play in factor markets?
What will be an ideal response?
At the time policymakers debated the Trans-Pacific Partnership, the United States imposed ________ on the value of imported shoes and shoe parts
A) tariffs of 1.5 to 12.5 percent B) tariffs of 95 percent C) no tariffs D) tariffs of 25 to 67.5 percent
The primary signal to policy makers that the economy has exceeded potential output is typically:
A. stagflation. B. unemployment. C. deflation. D. inflation.