Multiple Choice
The production approach to measuring GDP requires ________.
A) that the market value of a given good is a reasonable approximation of its economic value
B) that all goods and services be added up before assigning a market value
C) that no good or service rendered outside the market be included in GDP
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q72: The household and establishment surveys sometimes differ
Q73: The statistic most often used by economists
Q74: An international comparison of eight major industrialized
Q75: Figure 2.5 Unemployment in the adult civilian
Q76: The Fisher equation implies that an increase
Q78: Capital goods are typically purchased to _.They
Q79: The Fisher equation implies _.<br>A)the nominal interest
Q80: In 1995,the Boskin commission identified which of
Q81: Which of the following will be counted
Q82: The nominal interest rate _.<br>A)makes no allowance