Which of the following is included in gross domestic product for an economy in a given year?
A) the value of used goods sold in that year
B) the value of final goods produced in that year
C) the value of intermediate goods produced in that year
D) All of the above would be included in gross domestic product for an economy in a given year.
B
Economics
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Refer to Figure 13-2. Ceteris paribus, an increase in the labor force would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Economics
If inflation is unanticipated, no redistribution of income can occur
Indicate whether the statement is true or false
Economics