A product whose production requires a relatively high capital-labor ratio is

It is conventional to divide the nation's total production into four categories. Name and explain the four categories. In the United States, which category accounts for the largest share and the smallest share of the nation's total production?

What will be an ideal response?

Increases in real GDP would overstate the increase in the well-being of a country over time if, over that time period, the

A) price level increased. B) amount of pollution decreased. C) crime rate decreased. D) average hours worked per week increased.