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Author Question: The production-based method of national accounting sums up: A) the total revenue earned by all ... (Read 64 times)

sammy

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on: Jun 30, 2018
The production-based method of national accounting sums up:
 
  A) the total revenue earned by all the firms in the economy.
  B) the value that is added by each domestic firm in the production process.
  C) the income earned by each factor of production for participating in the production process.
  D) the expenditure incurred by domestic and foreign economic agents on domestic products.
 
  Infi Cor

Question 2

The labor supply and demand most directly affect the level of ________ in an economy.
 
  A) people requiring retraining B) welfare benefits
  C) people attending colleges D) employment
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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shewald78

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


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