Which of the following would be directly counted in GDP in 2018?
A) kitchen cabinets purchased from Home Depot in 2018 to be installed in a house built in 1997
B) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a brand new country-style home
C) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a farm house built in 1950
D) none of the above
Answer: A
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a. 0.25 b. 0.75. c. 2. d. 4.
Place point X on the graph to indicate an unemployment rate of 10 percent.
If the dollar price of the English pound goes from $1.50 to $1.75, the dollar has
What will be an ideal response?
If this is a closed economy, how many bikes will be produced?
A. 50,000 B. 100,000 C. 20,000 D. 80,000