Government-produced goods are added to GDP at
a. their market value.
b. the value they have to their users.
c. the value of the inputs used to produce them.
d. the value Congress places on them.
c
Economics
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The deregulation of U.S. banking in the 1980s led to: a. increased profits at all banks
b. no change in banks' conduct. c. more bank failures than in the 1930s. d. the insolvency and collapse of many banks as they began to hold riskier assets. e. the end of FDIC insurance for banks that held risky assets.
Economics
Ceteris paribus, if an 6% increase in quantity supplied is caused by an 8% increase in price, then: a. supply is elastic
b. supply is unit elastic. c. supply is inelastic. d. the supply curve is perfectly vertical.
Economics