What is a gdp?

Answer: GDP measures the market value of all final goods and services produced in the economy during a given period- 1 year.

Economics

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In comparison to an economy with extractive institutions, an economy with inclusive institutions will be characterized by:

A) higher output and larger number of entrepreneurs. B) lower output and a higher number of entrepreneurs. C) higher output and smaller number of entrepreneurs. D) lower output and smaller number of entrepreneurs.

Economics

For movements along the long-run aggregate supply curve...

What will be an ideal response?

Economics