Gross domestic product (GDP) is defined as:
a. the market value of all final goods and services produced within the borders of a nation.
b. incomes received by all of a nation's households.
c. the quantity of each good and service produced by U.S. residents.
d. none of these.
a
Economics
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Automatic stabilizers:
What will be an ideal response?
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If an industry is imperfectly competitive, and markets are segmented then
A) a firm may find that it is profitable to engage in dumping. B) a firm may find that international trade is unprofitable. C) a firm may find that it should promote scale economies. D) a firm may find that it has lost its comparative advantage. E) a firm may find that it should become more specialized.
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