« previous next »

Author Question: Which of the following is directly accounted for in the calculation of GDP? A) the value of one ... (Read 96 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 29, 2018
Which of the following is directly accounted for in the calculation of GDP?
 
  A) the value of one hour of leisure as measured by the hourly wage one would otherwise earn by working
  B) the value of repairing your own kitchen sink as measured by the average rates charged by local plumbers
  C) cash earnings from an illegal poker game
  D) improvements in quality of life from the reduction of pollution
  E) None of the above items is accounted for in GDP.

Question 2

Which of the following happens when new firms enter a monopolistically competitive market structure?
 
  A) The existing firms face higher demand.
  B) The existing firms face relatively inelastic demand curves.
  C) The existing firms earn higher profits.
  D) The existing firms earn lower profits.


jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

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.

Photograph of a child with a cochlear implant. This device sends electrical impulses directly to the Photograph of a child with a cochlear implant. This device sends electrical impulses directly to the
Avogadro's number calculation Avogadro's number calculation
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
Vertebral column. Avoid heavy pressure directly over spinous processes. Vertebral column. Avoid heavy pressure directly over spinous processes.
Apply knee to chest stretch for posterior hip and leg muscles. Facing the table directly, place one ... Apply knee to chest stretch for posterior hip and leg muscles. Facing the table directly, place one ...
Calculation of the inbreeding coefficient (F) Calculation of the inbreeding coefficient (F)
Video: Stroke volume

For a complete list of videos, visit our video library