What is a shortcoming of GDP?

GDP excludes nonmarket transactions

Economics

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In the above figure, if d3 is the relevant demand curve for this firm, then which level of output will maximize this firm's profits or minimize its losses?

A) A B) B C) C D) D

Economics

Under a system of flexible exchange rates, an increase in the supply of foreign exchange (an increase in the demand for the dollar) will cause the

a. dollar to appreciate. b. dollar to depreciate. c. U.S. trade deficit to decrease. d. U.S. inflation rate to increase.

Economics