Gross Domestic Product is the
a. least inclusive aggregate used to measure the economy.
b. total of goods and services desired by consumers.
c. most comprehensive measure of total output in the United States.
d. most accurate measure of the trade balance of the United States.
c
Economics
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The most that someone would pay today to receive a certain sum at some point in the future is known as
A) the interest rate. B) present value. C) future value. D) economic profit.
Economics
If the union leader has already sent strikers to the picket line before entering negotiations, the union has
a. Eliminated half of the strategies of the game b. Forced the firm to choose the best response in the union's best interest c. Made it in the firm's best interest to accommodate their requests d. All of the above
Economics