Which of the following components are used to calculate GDP?
a. tons as a unit of measurement; intermediate goods; new products
b. dollars as a unit of measurement; final services; new products
c. millimeters as a unit of measurement; intermediate goods; used products
d. dollars as a unit of measurement; final services; used products
b. dollars as a unit of measurement; final services; new products
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Given that Mattie could convincingly threatens to always fight, what would be Irene's best response
a. Enter b. Not Enter c. Run d. Hide
Using the aggregate expenditure-output model, assume the aggregate expenditures (AE) line is above the 45-degree line at full-employment GDP. This vertical distance is called a(n):
a. inflationary gap. b. recessionary gap. c. negative GDP gap. d. marginal propensity to consume gap.