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Which indicator refers to the total quantity of goods and services produced by an economic system during a given period?
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Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
What is an economic system in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
Economic question answered by basic social values and goals?
The three economic questions are answered. What goods and services should be produced? How should these goods and services be produced? Who consumes these goods and services? its a trick question
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
What three basic economic questions must be answered by every society?
What goods and services should be produced?How should the goods and services be produced?Who should get the goods and services?
What is an economic system in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
Does the amount of goods and services produced set the pace for economic growth?
It is demand that sets the pace for economic growth. Without demand, all the produced goods and services would just sit around being bored. The amount of goods and services produced is a direct indication of demand if you want to look at it that way.
What are the five basic economic questions?
1 - What goods and services will be produced? 2 - How will the goods and services be produced? 3 - Who will get the goods and services? 4 - How will the system accommodate change? 5 - How will the system promote progress?
What are five basic economic questions?
1 - What goods and services will be produced? 2 - How will the goods and services be produced? 3 - Who will get the goods and services? 4 - How will the system accommodate change? 5 - How will the system promote progress?
What are the three economic systems?
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
What economic indicator measures the change in prices of specific goods and services?
Gross Domestic Product
