By summing the dollar value of all market transactions in the economy we would:
a) determine the market value of all resources used in the production process.
b) obtain a sum substantially larger than the GDP.
c) determine value added for the economy.
d) measure GDP.
b) obtain a sum substantially larger than the GDP.
Economics
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Many manufacturers sell products labeled as having imperfections at a discount at their factory outlets but do not ship these imperfect goods to regular retail outlets. Why?
What will be an ideal response?
Economics
Which of the following are complementary goods?
A) sport utility vehicles and gasoline B) butter and margarine C) beer and wine D) DVDs and videocassettes
Economics