Household production, such as baking bread at home, is not included in GDP because it
A) has better quality than the bread in the store.
B) has lower quality than the bread in the store.
C) does not add anything of value to GDP.
D) does not involve a market transaction.
E) is not really production.
D
Economics
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An appreciation of the U.S. dollar would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Economics
The foreign exchange market is the market in which:
A. ideas from different countries are exchanged. B. currencies of different countries are bought and sold. C. foreign stocks and bonds are bought and sold. D. foreigners buy U.S. real estate.
Economics