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Author Question: We measure gross domestic product by multiplying the quantities of goods by their prices because it ... (Read 81 times)

Bernana

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on: Jun 30, 2018
We measure gross domestic product by multiplying the quantities of goods by their prices because it allows us to
 
  A) calculate the total number of units of goods produced in an economy.
  B) correct for inflation.
  C) directly compare the output of one economy to that of another.
  D) express the values of products in a common unit of measurement.

Question 2

All of the following are sources of funding for capital goods in developing countries EXCEPT
 
  A) portfolio investment. B) taxation.
  C) foreign direct investment. D) loans from banks.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Bison

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

D

Answer to Question 2

B


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