Exhibit 5-9 Supply and Demand Curves for Good X
?

As shown in Exhibit 5-9, the $200 per unit tax on Good X raises tax revenue per time period totaling:

Why do we not count the value of intermediate goods and services in gross domestic product? Does the value of intermediate goods and services show up in gross domestic product? If so, how?

What will be an ideal response?

Critical care surgeons get paid higher salaries than family doctors because

a. they usually work under highly stressful conditions b. they usually have to get longer training c. they usually work uncertain hours d. all of the above