I will go with letter B. households for this item. This is because the manufacturing of the products is primarily based on the needs of the households. The different parts of the households may dictate which products are currently in demand.
The answer is most like a Market Economy
Answer:
The GDP for 2014 was $6500
Explanation:
GDP or Gross Domestic Product is the total value in monetary terms of all the finished goods and services produced in a country within a specific period of time. It is a measure of the valuation of the size of an economy and its growth rate. The GDP of an economy with only two goods can be calculated as follows,
GDP 2014 = 7.5 * 200 + 5 * 1000
GDP 2014 = $6500
Answer:
This was most likely caused by a shift in the aggregate supply curve to the left.
Explanation:
a recession is when the economy is declining and this can be caused by declining trade and industrial activity so if Real GDP decreases that means there was a decline in prices and a deflation in the market therefore this can be caused by increases in wages or the value of wages which can cause more consumption in the market and then prices fall, an decrease in physical stock which is like people employed where the cost of producing one more unit increases at a decreasing rate so firms end up not hiring more people.
Answer:
The correct answer: financial investment; not included.
Explanation:
The bonds and stocks securities or financial instruments. The investment in these instruments is called a financial investment.
The value of these financial investments derived from sell and purchase of stocks/bonds is not included in GDP as it does not involve any production.
The GDP of an economy measures the value of production of final goods and services in an economy.
