Gross domestic product is the
A. most comprehensive measure of production of a nation’s resources.
B. total of goods and services purchased by consumers.
C. most comprehensive measure of total output in the United States.
D. most defined measure of net exports.
Answer: C
Economics
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The research of William Shepherd suggests that since World War II, the three main reasons for increased competition in U.S. industries are international trade, deregulation, and antitrust activity
a. True b. False
Economics
The purchase of VCU2 by Tomas Tiergarten, a private resident,causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. Monetary base to rise.
Economics