Examlex
If both imports (M) and exports (X) are nonzero,which of the following accurately reflects a national income accounting measure?
Market Price
The current price at which a good or service can be bought or sold in a particular market.
Long Run
A period in economic analysis where all factors of production and costs are variable, allowing full adjustment to changes.
Weekly Operating Profits
Weekly operating profits describe the earnings a business generates from its normal operations over a one-week period, excluding any income from investments or other non-operational sources.
Short Run
An interval in economic studies where a minimum of one production element remains constant and is unalterable.
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