Author Question: Intermediate goods are included and final goods are not included in calculating gross domestic ... (Read 74 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
Intermediate goods are included and final goods are not included in calculating gross domestic product.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The aggregate supply curve reflects the relationship between the price:
 a. of a particular good and the quantity supplied by all firms producing that good.
  b. of a particular good and the quantity supplied by the aggregate economy.
  c. level and the quantity supplied of all goods in the economy.
  d. level and the quantity of all goods purchased in the economy.



kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

False

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

For a complete list of videos, visit our video library