Gross domestic product is the
A) value of the final goods and services produced in a country during a specific time.
B) total amount that buyers spent on the final goods and services produced in a country during a specific time.
C) total amount of income earned in producing the final goods and services in a country during a specific time.
D) All of the above answers are correct.
D
Economics
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Describe the payoffs for an R&D game of chicken and contrast them with the payoffs in a prisoners' dilemma
What will be an ideal response?
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A product that has an elastic demand curve has all of the following characteristics EXCEPT
A) it has many substitutes. B) a consumer can wait to buy the product. C) it has few or no substitutes. D) it is a large part of a consumer's income.
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