Gross domestic product (GDP) does not include:
a. used goods sold in the current time period.
b. foreign produced goods.
c. intermediate as well as final goods.
d. None of these would be included.
d
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A venture capital fund wants to invest $1000 in each of one thousand mad scientists
The first scientist applying to the fund is working on the legendary pill that turns water into gasoline, and the second scientist is working on the even more legendary perpetual motion machine. The smart venture capitalist here will A) back the pill and look for 999 other scientists working on the same pill. B) back the machine and look for 999 other scientists working on the same machine. C) look for 500 scientists working on the pill and 500 working on the machine. D) back the pill, the machine, and 998 other different projects.
The term "________" denotes the adaptation of new technological ideas to existing products and services
a. invention b. merger c. innovation d. economies of scale