Gross domestic product
A) includes all the goods and none of the services produced in an economy in a given time period.
B) measures the value of the aggregate production of goods and services in a country during a given time period.
C) measures the value of labor payments generated in an economy in a given time period.
D) is generally less than federal expenditure in any time period.
B
You might also like to view...
The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill
A) employed B) unemployed C) a discouraged worker D) out of the labor force
Which of the following statements is false?
A. As the price paid for a bond rises, the yield declines. B. If you purchase stock from an individual that currently owns the stock, you are buying it in the secondary market. C. The yield on a bond is another term for the coupon rate on a bond. D. A rating of Aaa from Moody's is the highest bond rating given by that rating agency.