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Author Question: GDP is best defined as the ________ in a given time period. A) number of final goods and services ... (Read 115 times)

Lisaclaire

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on: Jun 30, 2018
GDP is best defined as the ________ in a given time period.
 
  A) number of final goods and services produced within a country
  B) market value of the final goods and services produced within a country
  C) market value of the final goods and services consumed by a nation's citizens
  D) number of goods and services produced within a country
  E) market value of all the goods and services produced within a country

Question 2

Which of the following is likely to shift the demand curve for engineers rightward, assuming all else equal?
 
  A) An increase in the wage rate paid to engineers
  B) A decrease in the wage rate paid to engineers
  C) An increase in the productivity of engineers
  D) A decrease in the price of all products manufactured by engineers
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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connor417

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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