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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

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 14CQ
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49- Which of the following is true about GDP as a measure of a country's economic health? a. It measures only those goods and services made within a country. b.lt does not include profits earned by foreign companies within the country being measured. c. It does not include the services produced in a country. d. It includes profits from companies' overseas operations. 48- A business is commonly considered a(n) a. structural grouping of people to accomplish a set of objectives b.organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs c.systematic arrangement of people to sell goods or services d.systematic grouping of people to establish procedures, rules and regulations
Transcribed Image Text:49- Which of the following is true about GDP as a measure of a country's economic health? a. It measures only those goods and services made within a country. b.lt does not include profits earned by foreign companies within the country being measured. c. It does not include the services produced in a country. d. It includes profits from companies' overseas operations. 48- A business is commonly considered a(n) a. structural grouping of people to accomplish a set of objectives b.organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs c.systematic arrangement of people to sell goods or services d.systematic grouping of people to establish procedures, rules and regulations
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