Gross domestic product in the economy is measured by the
A) total number of services produced in the economy.
B) dollar value of all final goods and services produced in the economy.
C) total number of goods and services produced in the economy.
D) total number of goods produced in the economy.
B
Economics
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If there is an increase in income, which of the following is true?
a. The demand for complementary goods decreases. b. The demand for substitute goods decreases. c. The demand for normal goods decreases. d. The demand for normal goods increases. e. The supply for all goods decreases.
Economics
All of the following are income in kind EXCEPT
A) income received from family members. B) services produced in the home. C) government provided food stamps. D) government provided medical aid.
Economics