In measuring GDP, which of the following is included?
A) the value of durable consumption goods but not the value of nondurable consumption goods.
B) the value of preparing meals at home
C) the value of stocks and bonds bought and sold
D) the value of increases in business inventories
E) the value of used goods when they are sold
D
Economics
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The Bank of Techland is the largest bank in Techland. Which of the following is likely to be true if this bank fails?
A) Real interest rates in Techland will fall. B) Labor supply in Techland will fall. C) Real wages in Techland will remain unchanged. D) Techland's output will fall.
Economics
A COLA automatically raises the wage rate when
A. GDP increases. B. taxes increase. C. the consumer price index increases. D. the producer price index increases.
Economics