The federal government began officially measuring poverty in the
A) 1860s.
B) 1900s.
C) 1980s.
D) 1960s.
Answer: D
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In economics, the term "free rider" refers to
A) a person who evades taxes. B) one who waits for others to produce a good and then enjoys its benefits without paying for it. C) a supervisor who delegates menial time-consuming activities to others. D) one who volunteers her services.
The gross domestic product (GDP) of a country measures the _____
a. market value of all intermediate goods and services produced by resources located within the country b. market value of all goods and services produced by resources located outside the country c. market value of all final goods and services produced by resources located within the country d. value added to the economy by intermediate goods and services minus original cost e. value of the total sales of financial assets