« previous next »

Author Question: Intermediate goods are included and final goods are not included in calculating gross domestic ... (Read 23 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Attributed to Kojo Bonsu Final of an Okyeame Poma (SPEAKER'S STAFF) Attributed to Kojo Bonsu Final of an Okyeame Poma (SPEAKER'S STAFF)
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Hen feathering (left) and cock feathering (right) in domestic fowl Hen feathering (left) and cock feathering (right) in domestic fowl
Video: Autonomic Nervous System Animation

For a complete list of videos, visit our video library