The sale of which of the following would appear without any modification in GDP?
a. Used automobiles
b. Iron ore mined from the ground
c. Maid services
d. Aluminum rods used in construction
e. Wood pulp
C
Economics
You might also like to view...
The fundamental rule of profit maximization for firms is to produce where:
a. MR = MC. b. ATC is minimized. c. quantity of output is maximized. d. price is maximized. e. total revenue is maximized.
Economics
Which of the following is a price floor?
A) rent controls B) minimum wage rates C) a freeze on upward-moving gasoline prices D) college tuition caps
Economics