This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Does the gross domestic product account measure the market value of all goods and services? A) ... (Read 113 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


meagbuch

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
Wow, this really help

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Performing a Spirometry Test to Measure Forced Vital Capacity Performing a Spirometry Test to Measure Forced Vital Capacity
Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
PV cells have potential for domestic and commercial use PV cells have potential for domestic and commercial use
Ways to Measure Percentage of Body Fat Ways to Measure Percentage of Body Fat
Video: Pericarditis

For a complete list of videos, visit our video library