Which of the following typically purchases the most goods and services in the U.S. economy?
To avoid counting the same output more than once the calculation of GDP includes:
Only the value of final goods
The sum of the value added:
Is one way to compute the GDP
Gross domestic product is:
Suppose Blu-Ray players cost consumers $300 and BLU-Ray discs cost consumers $30. What contribution does the production of 250 Blu-Ray players and 3000 Blu-Ray discs make to the GDP?
A computer manufacturer sells laptops to retail stores for $450 each. If the manufacturer pays $200 for the components in each laptop and $75 in wages, the value added to each computer by manufacturing is:
The national-income aggregate calculated by subtracting depreciaiton from GDP is known as: