By adding up the dollar value of all sales in the economy during a given year,we would:
A) be determining the market value of all resources used in the production process
B) be measuring GNI
C) be determining value added for the economy
D) be measuring GDP
E) obtain a sum substantially larger than GDP
Correct Answer:
Verified
Q10: Which of the following is a final
Q11: National income accountants can avoid double counting
Q12: Which of the following is not considered
Q13: GDP may be defined as:
A)the monetary value
Q14: Suppose that the total market value of
Q16: GDP includes:
A)neither intermediate nor final products
B)both intermediate
Q17: "Value added" refers to:
A)any increase in GDP
Q18: In 1933,net investment was -$5.8 billion.This meant
Q19: If depreciation exceeds gross investment,it can be
Q20: GDP can be calculated by adding:
A)consumption, gross
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