ECO 372 Final Exam

1. the market where business sell goods and services to households and the government is called

a. goods market XXX

b. factor market

c. capital market

d. money market

1. Real gross domestic product is best defined as

a. the market value of intermediate goods and services produced in an economy including exports

b. all goods and services produced in an economy, stated in prices in a given year and multiplied by quantity

c. the market value of all final goods and services produced in an economy stated in the prices of a given year XXX

d. the market value of goods and services produced in an economy stated in current year prices

1. underemployment includes

a. who work off the books to avoid paying taxes

b. who are working part time or not using all their...