« previous next »

Author Question: Gross domestic product is calculated by summing up A) the total market value of goods and ... (Read 55 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?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
What is the total number of valence electrons in a silicate ion, SiO32-? What is the total number of valence electrons in a silicate ion, SiO32-?
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library