GDP Can Be Represented by the Equation: GDP = F

question 27

Multiple Choice

GDP can be represented by the equation: GDP = F x (Fe/F) x (GDP/Fe) . The term Fe represents

• A)the factor- utilization rate.
• B)factor productivity.
• C)income per person.
• D)output per capital.
• E)the number of employed factors.

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Definitions:

Net 30

A payment term indicating that full payment is due within 30 days of the invoice date.

Trade Discount

A reduction in the listed price of goods or services offered by a seller to buyers in the same trade.

List Price

The official selling price of a product or service announced by a manufacturer or service provider before any discounts or promotions.

Trade Discount

A reduction in the listed price of goods or services offered by sellers to buyers in the same trade, often based on volume or early payment.