What are the distinctions between domestic and national, and gross and net?
What will be an ideal response?
"Domestic" means that the production being measured is within a country no matter by whom; "national" means that the production is produced by residents of the nation anywhere within the world. "Gross" means before subtracting depreciation. "Net" means after subtracting depreciation. The terms apply to investment, business profit, and aggregate production.
Economics
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A class-action lawsuit is a civil action brought in a court of law designed to make it feasible for people who have suffered damages to come together to sue for recovery
Indicate whether the statement is true or false
Economics
Consumer surplus is reflected by the area under the demand curve but below the price
Indicate whether the statement is true or false
Economics