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In computing GDP, market prices are used to value final goods and services because __________. A. if market prices are out of line with how people value goods, the government sets price ceilings
and price floors B. market prices do not change much over time, so it is easy to make comparisons between years C. market prices reflect the values of goods and services D. Market prices are not used in computing GDP
final goods and services because C. makret prices reflect the values of goods and services
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User: Which of the following would be most likely to contribute to the breakdown of a cartel in a natural resource (e.g., bauxite) market? A. High compatibility of member interests B. Unequal member ownership of the natural resource C. Low price elasticity of demand D. High prices

User: In computing GDP, market prices are used to value final goods and services because __________. A. if market prices are out of line with how people value goods, the government sets price ceilings and price floors B. market prices do not change much over time, so it is easy to make comparisons between years C. market prices reflect the values of goods and services D. Market prices are not used in computing GDP

Weegy: final goods and services because C. makret prices reflect the values of goods and services
Expert answered|MrG|Points 1886|

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Asked 11/21/2012 3:22:08 PM
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Managerial accounting __________. A. pertains to the entity as a whole and is highly aggregated B. is concerned with costing products C. is governed by generally accepted accounting principles D. places emphasis on special-purpose information
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Asked 11/21/2012 2:34:04 PM
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