Suppose we have the following information about a furniture maker: furniture sales $100M, wood purchases $60M, wages $25M, tax on profits $5M, profits $10M. What is the contribution to GDP of this company using the product approach?

Society faces a trade-off in all of the following situations except

A) when deciding who will receive the goods and services produced. B) when deciding how goods and services will be produced. C) when some previously unemployed workers find jobs. D) when deciding what goods and services will be produced.

Of the four sources of external funding for nonfinancial businesses, the least often used in the U.S. is

A) bank loans. B) nonbank loans. C) bonds. D) stock.