Author Question: In the equation of exchange, PQ represents: a. the dollar value of all final goods and services ... (Read 51 times)

bb · **on:** Jun 30, 2018

In the equation of exchange, PQ represents:
a. the dollar value of all final goods and services sold in a country in a given year.
b. the price index times nominal GDP.
c. real GDP.
d. the price level times the velocity of money

Question 2

Productivity in the services industry may be underestimated because ____ may not be taken into account.
a. the labor costs of providing a service
b. the quantity of the service produced
c. the capital costs of providing a service
d. the prices charged by service industries
e. the quality of the service provided