If a German firm produces cars in the United States, that production should count towards
A) U.S. GDP. B) German GDP.
C) U.S. GNP. D) both U.S. GNP and German GDP.
A
Economics
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In equilibrium, the real value of household income must equal
A) the real value of output produced by firms. B) the real value of all expenditures. C) the sum of all goods produced in a year. D) net GDP.
Economics
Because firms selling a homogeneous product set price in response to the (perceived) pricing decision of other firms in the Bertrand Model of oligopoly in equilibrium price exceeds marginal cost
Indicate whether the statement is true or false
Economics