The factor payments measure of GDP
a. can be expressed as GDP = C + I + G + NX
b. is found by summing all expenditures on intermediate and final goods and services during the year
c. calculates how much value was added at each stage of production
d. is found by summing all interest, rent, profit, and wages and salaries generated during the year
e. calculates how much workers paid for goods and services during the year
D
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Evidence from the United States and Japan on "multifactor productivity" shows it to be highly ________, which is ________ with the RBC theory of technological shocks and their consequences for the business cycle
A) procyclical, consistent B) procyclical, inconsistent C) countercyclical, consistent D) countercyclical, inconsistent
The Sherman Antitrust Act of 1890 prohibits:
a. monopolization. b. perfect competition. c. oligopoly. d. monopolistic competition.