In South Asia and Sub-Saharan Africa, about what share of output is contributed by agriculture?
(a) One tenth.
(b) One fifth.
(c) Two fifths.
(d) One half.
B
Economics
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The amount by which actual output falls short of potential output is called: a. a deadweight loss
b. real GDP. c. a recessionary gap. d. the full-employment output. e. an expansionary gap.
Economics
Economic profits are calculated by subtracting:
A. explicit costs from total revenue. B. implicit costs from total revenue. C. implicit costs from normal profits. D. explicit and implicit costs from total revenue.
Economics