The most comprehensive measure of aggregate output is

A) gross domestic product.
B) net national product.
C) the stock value of the industrial 500.
D) national income.

A

Economics

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A price floor that is set above market equilibrium will cause

A) an excess quantity demanded. B) a shortage. C) a surplus. D) queuing on the part of consumers.

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LDC is an acronym for locally-developed country

Indicate whether the statement is true or false

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