Gross domestic product is officially measured by adding together the:
a. quantity of each good and service produced by U.S. residents.
b. market value of all final goods and services produced within the borders of a nation.
c. quantity of goods and services produced by companies owned by U.S. citizens.
d. none of these.
b
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On the graph above, for a while after t = 0, the growth rate of output per worker is ________ the growth rate prior to time zero, and ________
A) below; rising B) below; falling C) above; constant D) above; falling
Which of the following is an advantage of an indexed equity mutual fund relative to a managed equity fund?
a. Indexed funds generally have better stock pickers. b. Indexed funds engage in more detailed research. c. Indexed funds have lower operating costs because they engage in less stock trading. d. Indexed funds earn a significantly higher rate of return than a broad portfolio that represents the entire stock market.