Gross domestic product is the market value of
A) intermediate exchanges made within a country during the course of a year.
B) final goods and services produced within a country during the course of a year.
C) all monetary transactions within a country during the course of a year.
D) all the goods produced within a country during the course of a year over and above what is required to maintain the population and the stock of capital.
E) everything produced within a country during the course of a year and lasting for at least 12 months.
Question 2
According to the textbook, the noise of jet engines is not a negative externality for baggage handlers
A) because it leaves no residue in the environment.
B) because the benefits are greater than the costs.
C) because they are paid to live with the noise.
D) because they wear hearing-protection devices.
E) unless it leaves them with permanent hearing loss.
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