« previous next »

Author Question: Gross domestic product is calculated by summing up A) the total market value of goods and ... (Read 107 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?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
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-?
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Conjunctivitis

For a complete list of videos, visit our video library