
To compute GDP:
A) simply sum the number of final goods and services.
B) sum the cost of producing final goods and services.
C) use a weighted average by a survey regarding how much people value different goods and services.
D) sum the market values of final goods and services.
Correct Answer:
Verified
Q9: Prostitution is made legal in the United
Q10: Which of the following is not included
Q11: An economy with only the household and
Q12: The payments to the factors of production
Q13: If GDP falls:
A)income and production must both
Q15: In an open economy firms sell goods
Q16: If GDP rises:
A)income and production must both
Q17: In a closed economy firms sell goods
Q18: An economy with only a domestic sector
Q19: The market value of all currently produced
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