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Author Question: In the equation of exchange, PQ represents: a. the dollar value of all final goods and services ... (Read 16 times)

bb

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on: Jun 30, 2018
In the equation of exchange, PQ represents:
 a. the dollar value of all final goods and services sold in a country in a given year.
  b. the price index times nominal GDP.
 c. real GDP.
 d. the price level times the velocity of money

Question 2

Productivity in the services industry may be underestimated because ____ may not be taken into account.
 a. the labor costs of providing a service
  b. the quantity of the service produced
  c. the capital costs of providing a service
  d. the prices charged by service industries
  e. the quality of the service provided


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paavo

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

a

Answer to Question 2

e


bb

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Reply 2 on: Jun 30, 2018
Excellent

scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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