Multiple Choice
Using dollar values to calculate GDP is advantageous because
A) people can most easily understand dollar amounts
B) it employs a common unit of measurement for very different things
C) less valuable goods count the same as more valuable goods
D) other methods of calculating production are not as intuitively clear
E) money is a universal yardstick for measurement
Correct Answer:

Verified
Correct Answer:
Verified
Q16: An example of a good whose production
Q17: If we included the purchases of used
Q18: Which of the following four elements contribute
Q19: Real GDP is calculated because<br>A) it is
Q20: An example of a service counted in
Q22: Which of the following is the best
Q23: GDP measures the output produced by all
Q24: Which of the following trends would lower
Q25: In the language of economics,which of the
Q26: The equation GDP = C + I