« previous next »

Author Question: Gross domestic product is calculated by summing up A) the total market value of goods and ... (Read 116 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Gross domestic product is calculated by summing up
 
  A) the total market value of goods and services in the economy.
  B) the total quantity of goods and services produced in the economy during a period of time.
  C) the total quantity of goods and services in the economy.
  D) the total market value of final goods and services produced in the economy during a period of time.

Question 2

The following table contains the actual prices charged by four Web sites for the PlayStation 4 game Call of Duty; Black Ops III in November 2015.
 
  Target 59.99
  Walmart 59.00
  Best Buy 59.99
  GameStop 59.99
 
  Explain whether the information in this table contradicts the law of one price.


dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The data in the table does not seem to contradict the law of one price, since the price of this game at Walmart is very close to the price at Best Buy, GameStop, and Target (only 0.99 less).


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

A Total Eclipse of the Sun A Total Eclipse of the Sun
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
PV cells have potential for domestic and commercial use PV cells have potential for domestic and commercial use
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Chem problem calculated Chem problem calculated
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Video: Bone Healing Animation

For a complete list of videos, visit our video library