Multiple Choice
Recall the Application about the size of Wal-Mart to answer the following question(s) . During 2014, Wal-Mart's sales were approximately $473 billion, or roughly 2.7 percent of U.S. GDP, and its cost of sales was $358 billion.
-In listing both the amount and cost of Wal-Mart's 2014 sales, this Application is addressing the economic concept of
A) real versus nominal GDP.
B) GDP as a measure of welfare.
C) chain-weighted indexes.
D) value added.
Correct Answer:

Verified
Correct Answer:
Verified
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