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Author Question: Which of the following would be included in GDP? a. Production of computers by IBM in Japan b. ... (Read 53 times)

strangeaffliction

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on: Jun 30, 2018
Which of the following would be included in GDP?
 
  a. Production of computers by IBM in Japan
  b. The value of a car.
  c. The commission on the sale of your house.
  d. The value of childcare provided at home by the child's mother.

Question 2

When the representative firm maximizes profits,
 
  A) it sells as much as possible.
  B) the wage equals average labor productivity.
  C) the wage equals marginal labor productivity.
  D) business taxes must be zero.


diesoon

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

C

Answer to Question 2

C


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strangeaffliction

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Reply #2 on: Jun 30, 2018
Thank you :)


diesoon

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Reply #3 on: Jun 30, 2018
Happy to help you


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