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Author Question: Which of the following is included in the calculated gross domestic product? a. Mr. Kelly buys a ... (Read 24 times)

javeds

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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


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shaquita

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

b

Answer to Question 2

True


javeds

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Reply #2 on: Jun 30, 2018
Thank you


shaquita

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Reply #3 on: Jun 30, 2018
No problemo


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