The gross domestic product is the
A) the value of all wealth in an economy.
B) the value of all goods and services sold to other nations in a year.
C) the market value of all final goods and services produced in an economy in a year.
D) the market value of all intermediate goods and services produced in an economy in a year.
C
Economics
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If exports of an industry are $100 million and imports are zero, which of the following is the value of the index of intra-industry trade?
a. 0 b. 1 c. 0.5 d. 100 million
Economics
According to opportunity-cost theory, the cost to an airline of letting its employees fly at no charge
A) depends upon the alternatives available to the employees. B) is greater around the Christmas holidays. C) is zero. D) will depend upon the value employees place upon travel.
Economics