Gross domestic product can be calculated
A) either by valuing the nation's output of goods and services or by valuing the income generated in the production process.
B) by adding up the personal consumption of all members of the society.
C) by adding up the value of all intermediate goods used in the economy.
D) by adding up the income tax returns of all members of the society.
Question 2
If a nation's population grows, then
A) growth in real GDP per person will be less than the growth of real GDP.
B) there can be no economic growth.
C) growth in real GDP per person will be greater than the growth of real GDP.
D) there must be an increase in real GDP per person.
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Cardiac Output
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
All computer systems perform four basic functions: input, processing, storage, and output.
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Possible Sources of Differences in Output per Worker