Which of the following will be included in the calculation of GDP using the income-based method?
A) Export of food grains to foreign countries
B) The value-added by a worker in the production of a good
C) A health insurance provided to a worker by the employer
D) Money paid to a pharmacist for medicines
C
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When the demand for products competing with imports falls, demand for the specific factors used in their production falls and:
a. the relative prices (earnings) of these specific factors will fall disproportionally. b. the relative prices (earnings) of these specific factors will rise disproportionally. c. the relative prices (earnings) of these specific factors will fall by the same rate as for all resources. d. the employment of these specific factors will rise disproportionally.
An increase in the reserve requirement ________ required bank reserves and ________ the money supply
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases