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Author Question: The gross domestic product (GDP) excludes: a. the value of a new building. b. the value of new ... (Read 35 times)

Mollykgkg

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on: Jun 30, 2018
The gross domestic product (GDP) excludes:
 a. the value of a new building.
 b. the value of new stocks and shares.
 c. the cost of a new vending machine.
 d. government expenditure on a new bridge.
 e. the money spent on the purchase of legal services by a household.

Question 2

In a competitive labor market, the change in total labor costs divided by the change in labor is always equal to:
 a. one.
  b. the wage rate.
  c. the number of firms in the market.
  d. the change in total revenue.
  e. the competitive market price of the output.


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Heffejeff

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

b

Answer to Question 2

b


Mollykgkg

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

alexanderhamilton

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Reply 3 on: Yesterday
Excellent

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