Term
| If a foreign company operating in a country changes work rules resulting in a more flexible allocation of resources in the various sectors of the domestic economy,________. |
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Definition
| the productivity of domestic workers is likely to increase |
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Term
| Which of the following is likely to lead to an increase in the gross domestic product of a country? |
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Definition
| An increase in the capital stock of the economy |
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Term
| Double counting occurs when |
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Definition
| inputs are included in the calculation of the gross domestic product. |
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Term
| Which of the following will lead to an increase in the gross domestic product of a country, all other variables remaining unchanged? |
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Definition
| An increase in consumption expenditure |
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