The value of tires purchased by a company to use on its cars is not included when calculating the gross domestic product (GDP)
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
The Keynesian short-run aggregate supply (SRAS) curve
A) shows that real Gross Domestic Product (GDP) will increase only if the price level increases. B) is horizontal. C) assumes a full-employment level of real Gross Domestic Product (GDP). D) does not reflect any changes in nominal Gross Domestic Product (GDP).
Economics
Fill in the blank: Middlemen tend to have ________ in information production
A) no interest B) a comparative advantage C) a monopoly D) little time to engage E) a wasteful way of engaging
Economics