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Author Question: Does the gross domestic product account measure the market value of all goods and services? A) ... (Read 81 times)

meagbuch

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on: Jun 29, 2018
Does the gross domestic product account measure the market value of all goods and services?
 
  A) No, because that would include double-counting.
  B) Yes, because the data is readily available.
  C) Yes, except for illegally exchanged goods and services.
  D) Yes, otherwise the gross domestic product accounting system is not a reliable indicator of economic activity.

Question 2

GDP is used by economists to measure
 
  A) the market value of final goods and services produced over a particular time period.
  B) the overall well-being of society enjoyed over a particular time period.
  C) the overall efficiency of the macro economy over a particular time period.
  D) the economic strength of the nation.


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juliaf

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


meagbuch

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

carlsona147

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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