« previous next »

Author Question: Which of the following is not true about gross domestic product (GDP)? a. It includes only final ... (Read 34 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jun 30, 2018
Which of the following is not true about gross domestic product (GDP)?
 a. It includes only final goods and services.
 b. It reflects production in a particular year.
 c. Intermediate goods and services are excluded to prevent double counting.
  d. It excludes purchases of financial assets.
 e. It includes transfer payments.

Question 2

Which of the following statements concerning the supply of labor is true?
 a. The wage rate has no effect on the supply of labor.
  b. The labor supply curve is downward sloping.
  c. The supply of labor is determined by the prevailing wage rate.
  d. The typical labor supply curve is upward sloping.


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

A domestic Muscovy Duck with wings outstretched A domestic Muscovy Duck with wings outstretched
Is the self the same as the brain? Materialists contend that in the final analysis, mental states ... Is the self the same as the brain? Materialists contend that in the final analysis, mental states ...
Gross pay calculation. Gross pay calculation.
True Dover Sole True Dover Sole
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Video: Chemical Changes

For a complete list of videos, visit our video library