The _________ approach allows us to calculate GDP and _________ is not a component of GDP
a. income; personal consumption
b. income; exports
c. expenditure; durable goods
d. expenditure; government purchases
e. expenditure; interest
E
Economics
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Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizontal axis. As a country moves along the frontier closer to the vertical axis,
A) the opportunity cost of producing jeans decreases. B) inefficient production occurs. C) the opportunity cost of producing jeans increases. D) there are fewer tradeoffs. E) the opportunity cost of producing shoes increases.
Economics
What's a normal good to me might be
A) a normal good to you. B) an inferior good to you. C) a bad to you. D) any of the above to you.
Economics