The production-based method of national accounting sums up:
A) the total revenue earned by all the firms in the economy.
B) the value that is added by each domestic firm in the production process.
C) the income earned by each factor of production for participating in the production process.
D) the expenditure incurred by domestic and foreign economic agents on domestic products.
Infi Cor
Question 2
The labor supply and demand most directly affect the level of ________ in an economy.
A) people requiring retraining B) welfare benefits
C) people attending colleges D) employment
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Complete the following production chart and plot the points.