If NNP is $175 billion and depreciation is $20 billion, then GDP
A. is $155 billion.
B. is $195 billion.
C. is $215 billion.
D. cannot be determined from this information.
Answer: D
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Long-term changes in demand that make some goods obsolete (possibly due to technological advancement) are likely to have their greatest impact on
A. Seasonal unemployment. B. Structural unemployment. C. Cyclical unemployment. D. Frictional unemployment.
Most of the poor countries experience slow growth because of all the following reasons except
A. the government's failure to enforce the rule of law B. low rates of saving and investment C. excellent public health and education D. frequent civil disturbances such as wars and revolutions
A technological change would cause a shift of the demand curve for inputs.
Answer the following statement true (T) or false (F)