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Biology, 02.12.2021 14:00, eboneecook8704
PLEASE HELP FAST AS POSSIBLE!!! :)
1. A country's gross domestic product for a given time period is the total market value of .
A all finished goods and services produced by the country's residents
B all goods and services produced by the country's residents
C all finished goods and services produced within the country's borders
D all goods and services produced within the country's borders
2. Which of the following products would be classified as a finished good?
A a hamburger sold at a fast-food restaurant
B clothing dye sold to clothing manufacturers
C lumber sold to construction companies
D electrical wiring sold to automotive repair shops
3. Which of the following would be considered investment in the calculation of GDP?
A An individual purchases stock in a company.
B A child places money under his mattress for safe keeping.
C A manufacturing firm builds a new plant in Mexico.
D A school district deposits excess funds into a savings account.
4. In a given year, nominal GDP grew by approximately 4%, while real GDP grew by only 2.3%. This difference can be accounted for by the fact that .
A net exports were positive during the year
B prices of goods and services decreased during the year
C net exports were negative during the year
D prices of goods and services increased during the year
5. Aggregate demand is traditionally calculated by summing .
A consumption, investment, government spending, net exports, and inflation
B consumption, investment, government spending, and net exports
C consumption, investment, and government spending
D consumption, investment, and savings
THANK YOU PLEASE HELP ASAP :)
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Answers: 1
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PLEASE HELP FAST AS POSSIBLE!!! :)
1. A country's gross domestic product for a given time period i...
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