To Make Data Comparable Across Countries,and to Have Uniform Methodology

question 55

Multiple Choice

To make data comparable across countries,and to have uniform methodology of calculating output,countries use the

• A) United Nation's System of National Accounts.
• B) International Banking System.
• C) OECD System of Accounts.
• D) World Bank System of National Accounts.

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Definitions:

Competitive Price-Searcher

A market participant who actively seeks the best price by comparing various sellers, typically in markets with some degree of monopolistic competition.

Market Price

The current rate for transactions involving the purchase or sale of assets or services.

Demand Conditions

The characteristics and preferences of consumers that influence their desire and ability to purchase goods and services.

Profit Maximization

The process by which a firm determines the price and output level that generates the maximum profit.