Gross domestic product during a period is measured by adding
a. incomes received by households minus the sale of factor services supplied domestically.
b. factor payments made by domestic firms minus retained earnings and indirect business taxes.
c. expenditures on new final goods and services produced domestically.
d. the market value of all goods and services produced domestically and then subtracting net exports from that figure.
C
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Which of the following is TRUE?
A) Real and nominal values are not related. B) Real standards of living can increase without any positive economic growth. C) Real standards of living decrease with positive economic growth. D) Real growth rates fail to account for by price level changes.
Which of the following individuals can be counted as unemployed?
What will be an ideal response?