This topic contains a solution. Click here to go to the answer

Author Question: Gross domestic product is the sum of the purchase price multiplied by the quantity of: a. goods and ... (Read 83 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
Gross domestic product is the sum of the purchase price multiplied by the quantity of:
 a. goods and services exchanged during the period.
  b. final goods and services produced domestically during the period.
  c. goods and services produced domestically during the period minus the depreciation of productive assets.
  d. final goods and services plus intermediate goods produced domestically during the period.

Question 2

Gross domestic product is equal to the market value of all final goods and services:
 a. exchanged during a period.
  b. produced domestically during a period.
  c. produced by the citizens of a nation during a period.
  d. produced domestically during a period minus the depreciation of productive assets.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

b

Answer to Question 2

b




saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
:D TYSM


  • Member
  • Posts:
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

For a complete list of videos, visit our video library