49- Which of the following is true about GDP as ameasure of a country's economic health?a. It measures only those goods and servicesmade within a country.b.lt does not include profits earned by foreigncompanies within the country being measured.c. It does not include the services produced in acountry.d. It includes profits from companies' overseasoperations.48- A business is commonly considered a(n)a. structural grouping of people to accomplish aset of objectivesb.organized effort of individuals to produce andsell, for a profit, the goods and services thatsatisfy society's needsc.systematic arrangement of people to sell goodsor servicesd.systematic grouping of people to establishprocedures, rules and regulations

9- Which of the following is true about GDP as a heasure of a country's economic health? . It measures only those goods and services hade within a country. .It does not include profits earned by foreign ompanies within the country being measured. . It does not include the services produced in a ountry. . It includes profits from companies' overseas perations. 8- A business is commonly considered a(n) . structural grouping of people to accomplish a et of objectives .organized effort of individuals to produce and ell, for a profit, the goods and services that atisfy society's needs -systematic arrangement of people to sell goods r services

9- Which of the following is true about GDP as a heasure of a country's economic health? . It measures only those goods and services hade within a country. .It does not include profits earned by foreign ompanies within the country being measured. . It does not include the services produced in a ountry. . It includes profits from companies' overseas perations. 8- A business is commonly considered a(n) . structural grouping of people to accomplish a et of objectives .organized effort of individuals to produce and ell, for a profit, the goods and services that atisfy society's needs -systematic arrangement of people to sell goods r services

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...

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