--%>

Means of GDP

Provide the solution of this question. The GDP is the: A) monetary value of all final goods and services produced within a nation in a particular year. B) national income minus all nonincome charges against output. C) monetary value of all economic resources used in producing a year's output. D) monetary value of all goods and services, final and intermediate, produced in a specific year.

   Related Questions in Microeconomics

  • Q : Market interest rate at break-even

    When land that rents for $100,000 yearly can be bought for $800,000 now, it will be a break-even investment when the market interest rate is: (i) 6%. (ii) 10%. (iii) 12.5%. (iv) 15%. (v) 8%. Can anybody suggest me the proper explan

  • Q : Influence of moderate minimum wage law

    Can someone please help me in finding out the accurate answer from the following question. Even a moderate minimum wage law influences labor markets by causing the unemployment of: (1) Unskilled workers when the labor market is per

  • Q : Price ceilings causes shortages of a

    When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged

  • Q : Positively sloped resource supply curves

    When the resource supply curves of facing a competitive industry are positively sloped, in that case the exit of firms which have incurred losses will result within: (w) higher prices and lower output by each firm, and higher average production costs.

  • Q : Average revenue and marginal revenue

    In spite of of the amount sold, price equals for a price-taker firm on both average: (i) revenue and marginal revenue. (ii) variable cost and marginal cost. (iii) fixed cost and average variable cost. (iv) total cost and marginal revenue.

  • Q : Equality Income distribution in

    According to the equality standard of income distribution: (i) an equal distribution of income maximizes society’s economic welfare. (ii) income must be divided in proportion to need. (iii) income must be commensurate with productivity. (iv) fac

  • Q : Reduced effectiveness by pressure The

    The increased pace of globalization and the steady development of worldwide demands for petroleum-based products from 2002 have tended to decrease the: (w) derived demand for petroleum. (x) prices of gasoline and electricity. (y) pressures which had reduced OPEC's eff

  • Q : Rain affects play The ABC industry in

    The ABC industry in UK had poor sales in the summer of 2007. This practice explores why, employing economic analysis. It considers how the forces in the direction of an equilibrium price might affect a firm.

  • Q : Income Effects-Inferior Goods I have a

    I have a problem in economics on Income Effects-Inferior Goods. Please help me in the following question. When monetary prices drop and the quantity of a good your family purchases reduces as the purchasing power of your family income has risen, the good is a/an: (1)

  • Q : Cost structure characteristic in purely

    When Cling Peach Orchards has a cost structure characteristic of peach orchards into this purely competitive industry, when the long run new competitors would most likely enter the market providing the wholesale price per bushel of peaches exceeded: (