Gross Domestic Product is the value of all
a. goods and services produced during a particular year
b. goods and services sold during a particular year
c. final goods and services sold during a particular year
d. final goods and services produced during a particular year
e. final goods and services produced and sold during a particular year
D
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The table below shows data for Indonesia between 2005 and 2006
2005 2006 Money growth rate 21.4 12.0 Real GDP growth rate 5.7 5.5 Assume the rate of velocity change is constant. According to the quantity theory of money, Indonesia's inflation rate A) is higher in 2005 than in 2006. B) was 17.5 percent in 2006. C) is 27.1 percent in 2005. D) will increase over the 12 months.
A business owner applies for a bank loan to launch a fairly low-risk project. After receiving the loan, she cancels the low-risk project and instead uses the borrowed funds for a high-risk venture. This is an example of
A) financial intermediation. B) the transactions approach. C) moral hazard. D) capital controls.