Farm outputs' share of U.S. GDP from 1950 to the present:
A. Has stayed roughly constant at about 10%
B. Has dropped from about 30% to 10%
C. Has stayed roughly constant at about 30%
D. Has dropped from about 7% to 1%
D. Has dropped from about 7% to 1%
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A key aspect of East Asian development policies was
a. lack of government intervention in company affairs b. government ownership of most companies c. government planning d. government incentives for particular companies e. none of the above
GDP is the market value of:
A. national income distributed to producers, consumers, and investors in an economy. B. economic resources used in the production of annual output in an economy. C. all final goods and services produced in an economy in a given year. D. consumption and investment spending in an economy in a given year.