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Which of the following statements about GDP is correct? A. GDP is to a nation’s economy as household income is to a household. B. GDP measures two things at once: the total income of everyone in the economy and the unemployment rate. C. GDP increases if the total population increases. D. Money continuously flows from households to government and then back to households, and GDP measures this flow of money.
Weegy: A. Money continuously flows from households to government and then back to households, and GDP measures this flow of money. User: One characteristic of an oligopoly market structure is: A. products typically sell at a price that reflects their marginal cost of production. B. firms in the industry are typically characterized by very diverse product lines. C. the actions of one seller have no impact on the profitability of other sellers. D. firms in the industry have some degree of market power. Weegy: One characteristic of an oligopoly market structure is: D. Firms in the industry have some degree of market power. (More)
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Updated 8/14/2013 3:08:33 PM
1 Answer/Comment
GDP is to a nation’s economy as household income is to a household about GDP is correct.
Added 8/14/2013 3:08:33 PM
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