Author Question: GDP is measured in terms of market value because: a. Actually, GDP is not measured as a market ... (Read 35 times)

gonzo233 · **on:** Jun 30, 2018

GDP is measured in terms of market value because:
a. Actually, GDP is not measured as a market value. GNP measures market values.
b. Otherwise, it would be impossible to combine all the heterogeneous goods and services consumed in a nation.
c. Otherwise, it would be impossible to combine all the heterogeneous goods and services produced in a nation.
d. Otherwise, it would be impossible to combine domestically produced goods and services with foreign goods and services consumed by the public.
e. Otherwise, it would be impossible to separate the domestically produced goods and services from foreign goods and services consumed by the public.

Question 2

A current account deficit can be good for a nation if the:
a. Balance of trade is positive.
b. Nation is selling investment goods to the rest of the world.
c. Nation is the recipient of foreign capital flows that have a positive contribution to the economy.
d. Nation's reserve assets are falling.