The measurement of GDP is useful to business executives because it
A) aids in forecasting the future health of their firms.
B) represents the dollar value of all their economic transactions for the year.
C) enables businesses to estimate depreciation.
D) illustrates the social costs that arise from the production of private goods and services.
E) discourages businesses from cheating on their income taxes.
Correct Answer:
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Q3: Gross domestic product (GDP)
A) equals the total
Q4: Printed circuits used in the production of
Q5: GDP expressed in constant dollars is called
A)
Q6: As of 1999,software purchases by businesses are
A)
Q7: Expressing GDP in constant dollars is an
Q9: Comparisons of year-to-year changes in the current
Q10: When measuring GDP,we double count if we
Q11: Double counting takes place if GDP includes
A)
Q12: Productive activities typically excluded from GDP include
A)
Q13: To correct for changes in the price
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