Multiple Choice
A drawback of using market values to aggregate the quantities of goods and services produced in an economy is that:
A) higher-priced items count more.
B) GDP increases when not all goods are produced in greater quantities.
C) market prices generally reflect the economic benefit consumers expect to receive from an item.
D) not all economically valuable goods and services are bought and sold in markets.
Correct Answer:

Verified
Correct Answer:
Verified
Q200: The duration of an unemployment spell is
Q201: Given the following data for the economy,
Q202: Bob's Barber Shop cut 3,000 heads of
Q203: The accuracy of the unemployment rate is
Q204: Assume an economy produces only hamburgers and
Q205: Which of the following would be classified
Q206: Data for an economy shows that the
Q207: Suppose a jar of DeLux popcorn
Q208: Suppose a jar of orange marmalade
Q210: Real GDP measures the _ of production.<br>A)change