The dollar value of total output in the United States
A) equals the value of all physical goods sold in the United States.
B) equals all the value of U.S. stocks on the world's stock exchanges.
C) equals the value of all resources that can be found in the United States.
D) equals the market value of all final goods and services produced in the United States.
D
You might also like to view...
The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had which of the following consistent results?
A) a decline in real wages due to an upward shift of the production function B) an increase in the rental price of capital along with a healthy stock market response C) a decline in real wages due to a downward shift of the MPL curve D) an increase in the rental price of capital due to an upward shift of the production function E) none of the above
A pollution tax is:
A. a positive externality used to offset a negative one. B. a price per unit of discharge of pollution. C. a tax on pollution control equipment. D. itself a form of negative externality.