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 66 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?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant
Elementary particles included in the Standard Model Elementary particles included in the Standard Model
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, ...
The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
To find the derivative use product rule To find the derivative use product rule
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
Video: Osmosis - water transport

For a complete list of videos, visit our video library