Author Question: Intermediate goods are included and final goods are not included in calculating gross domestic ... (Read 72 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
Intermediate goods are included and final goods are not included in calculating gross domestic product.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The aggregate supply curve reflects the relationship between the price:
 a. of a particular good and the quantity supplied by all firms producing that good.
  b. of a particular good and the quantity supplied by the aggregate economy.
  c. level and the quantity supplied of all goods in the economy.
  d. level and the quantity of all goods purchased in the economy.



kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

False

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

For a complete list of videos, visit our video library