This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is included in the calculated gross domestic product? a. Mr. Kelly buys a ... (Read 70 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Which of the following is included in the calculated gross domestic product?
 a. Mr. Kelly buys a used lawn mower from his neighbor Mr. Templeton.
 b. A local ice cream store sells 17,000 worth of cones and sundaes on July 4th.
  c. Suzanne buys a love seat and chair for 85 at the yard sale on the corner.
  d. Farmer Fred sells his second tractor to his son.

Question 2

The aggregate quantity of goods and services produced will decrease at every price level when resource price rises.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


javeds

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you


shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Milestones of Gross Motor Development in Toddlerhood Milestones of Gross Motor Development in Toddlerhood
John Ahearn, Homage to the People of the South Bronx: Double Dutch at Kelly Street 1: Frieda, ... John Ahearn, Homage to the People of the South Bronx: Double Dutch at Kelly Street 1: Frieda, ...
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Chem problem calculated Chem problem calculated
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library