Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please tell me the right choice of these two questions, thank you! ed: 0/19 10:0 030 0 0 0 0 0300 0 04 Two equivalent

Please tell me the right choice of these two questions, thank you!

image text in transcribed
ed: 0/19 10:0 030 0 0 0 0 0300 0 04 Two equivalent ways to view Gross Domestic Product (GDP) are as the: Select one: a. total payments made to all workers in the economy or the total profits of all firms and businesses in the economy. b. total expenditures on all goods produced in the economy or the total income earned from producing all services in the economy. c. total profits of all firms and businesses in the economy or the total consumption of goods and services by all households in the economy Od. total income of everyone in the economy or the total expenditure on the economy's output of goods and services. An example of increasing returns to scale is when capital and labor inputs: Select one: O a. both increase 10 percent and output increases 5 percent. O b. both increase 10 percent and output increases 10 percent. O c. both increase 5 percent and output increases 10 percent. O d. do not change and output increase evigilation.monash.eduLETT#FOESAm

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ecopolitical Homelessness Defining Place In An Unsettled World

Authors: Gerard Kuperus

1st Edition

1317232704, 9781317232704

More Books

Students also viewed these Economics questions

Question

How does technology facilitate communication in an organization?

Answered: 1 week ago

Question

What needs do all people have in common?

Answered: 1 week ago