Gross domestic product is equal to the market value of all goods and services
a. exchanged during a period.
b. produced domestically during a period.
c. produced by the citizens of a nation during a period.
d. produced domestically during a period minus the depreciation of productive assets.
B
Economics
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Refer to the indifference curve in Figure 3.3. Which of the following is true about the MRS?
A) It is negative. B) It is positive. C) It is equal to zero. D) It is undefined.
Economics
Countries with the highest degrees of governmental bureaucratic inefficiency index
A) typically are nations with the highest real GDP per capita. B) typically are nations with the lowest real GDP per capita. C) normally have the lowest measured levels of dead capital. D) normally have the highest measured levels of economic freedom.
Economics