Would the services supplied by prostitutes and brothels be included in calculating GDP in the United States?
A) Yes, because those are final services.
B) Yes, but only in those states where brothels are legal.
C) No, because those services are immoral.
D) No, because those are not truly economic services.
B
Economics
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The law of demand states that the quantity of a good demanded varies
A) inversely with its price. B) inversely with the price of substitute goods. C) directly with income. D) directly with population.
Economics
Which of the following is an accurate comparison between personal income (PI) and disposable personal income (DPI)?
a. DPI is more than PI. b. DPI is less than PI. c. DPI is equal to PI. d. DPI is more than PI at times and less than PI at times.
Economics