In the equation of exchange, PQ represents: a. the dollar value ...

[bb]

In the equation of exchange, PQ represents:
 a. the dollar value of all final goods and services sold in a country in a given year.
  b. the price index times nominal GDP.
 c. real GDP.
 d. the price level times the velocity of money

Question 2

Productivity in the services industry may be underestimated because ____ may not be taken into account.
 a. the labor costs of providing a service
  b. the quantity of the service produced
  c. the capital costs of providing a service
  d. the prices charged by service industries
  e. the quality of the service provided

[paavo]

Answer to Question 1

a

Answer to Question 2

e

[bb]

Thanks for the timely response, appreciate it

[ktidd]

TYSM