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Q: What makes the GDP gap a type of opportunity cost?
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What is the cost of annual traffic fatalities of GDP


What is GDP at FC?

GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes


The amount by which potential GDP exceeds actual GDP is one measure of the?

Macroeconomic cost of unemployment


What is GDP at current factor cost?

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Approximately 2.7% of our GDP.


What body in the US Government makes the estimates for potential GDP?

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What percentage of the US GDP is from oil?

oil makes up approximately 2.6 percent of the US GDP. The Us has a GDP of 13,926.7 billion dollars, and oil the oil market in the US is worth about 366.2 billion.


What is the primary reason that total logistics cost has reduced as a percentage of GDP is?

C.Inventory has decreased as a percent of total cost


What is the per capita GDP of T aiwan?

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What is the relationship between net exports and GDP?

The relationship between ne exposts and GDP makes the slope of the ae curve flatter than it would be otherwise


What is the percentage of healthcare cost of US GDP?

The percentage of healthcare cost in the US GDP is approximately around 17-18% in recent years. This high percentage is attributed to various factors, including the rising cost of healthcare services, increasing utilization of healthcare, and the structure of the healthcare system in the US.


What is the total amount of money a country makes in a year known as?

Gross Domestic Product (GDP)