Approaches to measuring GDP include all of the following except the
A) cost approach.
B) product approach.
C) income approach.
D) expenditure approach.
A
Economics
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Pam buys only thread and fabric, and she buys the quantities that maximize her utility. Her marginal utility from a spool of thread is 30 units and her marginal utility from a yard of fabric is 60 units
If the price of a spool of thread is $4, then you are sure that the price of a yard of fabric is ________. A) $4 B) $2 C) $8 D) $12
Economics
If an economy's GDP rises, then it must be the case that the economy's
a. income rises and saving falls. b. income and saving both rise. c. income rises and expenditure falls. d. income and expenditure both rise.
Economics