If the size of the underground economy is large,
A) government agencies have difficulty measuring nominal and real GDP.
B) it is relatively easy to gather productivity data on many businesses.
C) measuring real GDP is relatively easy, but measuring nominal GDP is difficult.
D) measuring nominal GDP is relatively easy, but measuring real GDP is difficult.
A
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A problem with third-party financing of so much of health care is that
A) it reduces the quality of health care received by most people. B) it discourages physicians from getting second opinions and running enough tests to be sure the right procedure is followed. C) it causes the demand for medical services to increase, which causes health care costs to increase. D) it discourages people from relying on the judgments of physicians in making decisions about health care.
Which of the following will most directly determine the market price of a business or physical asset?
a. cost of the asset b. expected future net earnings derived from the asset c. book value (original purchase price minus depreciation) of the asset d. age of the asset