According to the above table, net domestic product (NDP) is
A. $2,265.
B. $2,550.
C. $1,995.
D. $2,850.
Answer: A
You might also like to view...
When a market consists of a few large firms and barriers to entry exist, it:
A. must be perfectly competitive. B. is likely an oligopoly. C. must be monopolistically competitive. D. is likely a monopoly.
All other things constant, the entry of new firms into a labor intensive industry like carpet weaving is likely to: a. shift the market demand for labor curve to the right
b. make the market demand for labor curve steeper. c. shift the demand for labor curve for each carpet producer to the left. d. shift the market supply of labor curve to the left.
If banks have no excess reserves, and the required reserve ratio is raised, the amount that banks can lend is:
A. reduced and the money supply contracts. B. reduced and the money supply expands. C. reduced and there is no change in the money supply. D. increased and the money supply expands.
Describe the problem demographic change presents for Social Security.
What will be an ideal response?