Which of the following transactions is not included in GDP?
a. oranges sold to households by a grocer.
b. orange juice sold by a restaurant to its diners.
c. oranges sold by a farmer to a grocery store.
d. All of the above are included in GDP.
c
Economics
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Fill in the blank: National income accountants who measure GDP try to avoid the ________ problem by only measuring the market value of all final goods and services produced within a country
A) double trouble B) double indemnity C) double counting D) double jeopardy E) double-your-pleasure
Economics
A firm's average total cost is $80, its average variable cost is $75, and its output is 50 units. Its total fixed cost is
A) less than $100. B) between $100 and $200. C) between $200 and $300. D) more than $300.
Economics