"the money spent on domestically produced final goods and services":

Business

1 answer:

mel-nik [20]3 years ago

5 0

<span>The money spent on domestically produced final goods and services:</span> is called GDP.

GDP or Gross Domestic Product is derived from adding up the consumer spending on goods and services, investment spending, government purchases of goods and services, and the value of exports, minus the value of imports.

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Even though the united states has an unemployment compensation program that provides income for those out of work, should we sti

Margaret [11]

Yes, as the unemployment compensation scheme only provides the unemployed with enough money to meet their basic necessities.

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2 years ago

SECTION B

Korvikt [17]

ANSWERS:

A-tertiary
B-primary
C-secondary
D-tertiary
E-primary

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3 years ago

Critical Thinking: You are at a party, and the friend you came with has had several drinks. He appears to be sober and shows no

abruzzese [7]

Answer:

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3 years ago

The cross-price elasticity of demand measures the absolute change in the quantity demanded of one good divided by the absolute c

lisov135 [29]

Answer:

percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.

Explanation:

Demand cross-elasticity is the measure of the relative change in the quantity demanded for a good or service (A) as a function of a certain relative change in the price of another good or service (B) considered to be a substitute for or complementary to the first (A). For example, how much would increase the amount of margarine demanded if there was an increase in the price of butter. The formula for calculating the cross elasticity of demand consists in dividing the relative change in the quantity demanded of a good divided by the relative change in the price of the substitute good.

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3 years ago

Potential GDP is:

Eva8 [605]

Answer:

b. maximum amount of output that can be produced given the labor force, capital stock, and technology.

Explanation:

GDP refers to the gross domestic product which reflects the finalized value of the goods and services produced domestically

On the other side, the potential GDP refers to the maximum level of output that can be produced by considering the labor force, capital stock, technology by taking the constant inflation rate

Therefore option b is correct

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4 years ago