The transactions motive links money demand and

The total market value of final goods and services produced in an economy during a one-year period is

A) personal income. B) profit. C) net national product. D) Gross Domestic Product.

The problem of determining for whom to produce exists because:

A) government regulations prevent firms from producing the kinds of goods that consumers want. B) a decision that one person or group will receive a good or service usually means that another person or group will not. C) taxes on firms make it more costly for them to produce all the goods that people want. D) taxes on consumers make it more difficult for them to buy all the goods they want.