Which indicator refers to the total quantity of goods and services produced by an economic system during a given period?
A) The business cycle
B) Aggregate output
C) Gross domestic product
D) The consumer price index
E) Gross national product
Answer: B
Explanation: B) Aggregate output is the primary measure of growth in the business cycle.
Business
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Durability refers to the probability of a product's surviving over a specified period of time under stated conditions of use
a. True b. False Indicate whether the statement is true or false
Business
If a company is trying to maximize profit while selling two products, Bigpods with $10 profit and Smallpods with $7 profit, and if 100 assembly hours are split equally between the two products and one hour assembly is required for each pod, what is the maximum profit?
A) $17 B) $700 C) $850 D) $1000 E) $1700
Business