Question 23 Which of the statements below is true? OLAfim eaming zero economic profits is not eaming ts opportunity cost O& The value of service provided by the miltary is included in GDP at market value Oc hcome resulting from unemployment benefts is included in GDP O& Other thngs equal in a market in equilbrum, any change in a delteminant of demand will change the equilibrium quantity supplied
Question 23 Which of the statements below is true? OLAfim eaming zero economic profits is not eaming ts opportunity cost O& The value of service provided by the miltary is included in GDP at market value Oc hcome resulting from unemployment benefts is included in GDP O& Other thngs equal in a market in equilbrum, any change in a delteminant of demand will change the equilibrium quantity supplied
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 10SCQ: Explain briefly whether each of the following would cause GDP to overstate or understate the degree...
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![Question 23
Which of the statements below is true?
ORAfim eaming zero economic profits is not earning its opportunity cost
OA The value of service provided by the miltary is included in GDP at market value
Oc hcome resulting from unemployment benefts is included in GDP
O& Other things equal in a market in equilbrum, any change in a determinant of demand will change the equilibrium quantity supplied](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc38b4469-d143-449b-8f7a-956cf409777e%2F0a5716e7-ea5d-44dd-bb5a-efb44673cf55%2Fr8txmcq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 23
Which of the statements below is true?
ORAfim eaming zero economic profits is not earning its opportunity cost
OA The value of service provided by the miltary is included in GDP at market value
Oc hcome resulting from unemployment benefts is included in GDP
O& Other things equal in a market in equilbrum, any change in a determinant of demand will change the equilibrium quantity supplied
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