If a cobbler buys leather for Rs100 and thread for Rs50 and uses them to produce and sell Rs500 worth of shoes to consumers the contribution to GDP is ?
A. Rs50
B. Rs100
C. Rs650
D. Rs500
A. Rs50
B. Rs100
C. Rs650
D. Rs500
A. Purchasing Power Parity
B. Physical Quality of Life Index
C. Human Development Index
D. The Laspeyres index
A. contractionary monetary and fiscal policies
B. currency devaluation
C. long-run institutional and structural economic change
D. short term-adjustment with a human face
A. the value placed on the last unit of production by buyers exceeds the cost of production
B. the cost of production on the last unit produced exceeds the value placed on it by buyers.
C. consumer surplus is maximized
D. total surplus is maximized
E. producer surplus is maximized
A. average fixed cost
B. average total cost
C. average variable cost
D. marginal cost
A. China
B. Indonesia
C. United States
D. Brazil
A. Newspapers
B. Television
C. Direct Mail
D. Radio