Which of the following statements about gdp is correct?
a. gdp measures two things at once: the total income of everyone in the economy and the unemployment rate of the economy’s labor force.
b. money continuously flows from households to government and then back to households, and gdp measures this flow of money.
c. gdp is to a nation’s economy as household income is to a household.
d. all of the above are correct.

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak