The above table gives data for a hypothetical nation. Gross domestic product is

The economic question of what will be produced is

a. primarily answered by the government in a system of pure capitalism b. primarily answered by markets in a command economy c. faced by all economies regardless of their wealth d. does not have to be answered by economies possessing great wealth e. cannot be illustrated by the economic concept of the production possibilities frontier

Out-of-pocket expenses such as wages and raw materials are

A) direct costs. B) an owner-provided capital cost. C) implicit costs. D) explicit costs.