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Author Question: The slope of a curve measures A) only the change in the horizontal variable. B) the length of ... (Read 79 times)

imanialler

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on: Jun 30, 2018
The slope of a curve measures
 
  A) only the change in the horizontal variable.
  B) the length of the curve.
  C) only the change in the vertical variable.
  D) the change in one variable in response to the change in the other variable.

Question 2

What is the relationship between the gross domestic product of a country and its gross national product?
 
  What will be an ideal response?
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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lorealeza77

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

D

Answer to Question 2

Gross domestic product of a country is the final value of all goods and services produced within the borders of a country, while gross national product is the final value of all goods and services produced by a country's factors of production during a particular year. Therefore, in order to obtain gross national product, the production of domestic factors of production within foreign borders needs to be added and the production of foreign factors of production within domestic borders needs to be subtracted from gross domestic product.


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imanialler

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Reply #2 on: Jun 30, 2018
Correct answers!


lorealeza77

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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