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Chapter 26: Problem 4

Which statement is true? (LO1) a) 91影视 and final products are both measured by units of input. b) 91影视 and final products are both measured by units of output. c) 91影视 are measured by units of input, and final demand is measured by units of output. d) 91影视 are measured by units of output, and final products are measured by units of input.

Short Answer

Expert verified
The correct statement is option C: "91影视 are measured by units of input, and final demand is measured by units of output."

Step by step solution

01

Option A:

91影视 and final products are both measured by units of input. In this statement, the resources, which are the factors used to produce final products, are measured by units of input, which is correct. However, final products are not measured by units of input but rather by units of output. Hence, this statement is false.
02

Option B:

91影视 and final products are both measured by units of output. In this statement, final products鈥攖he goods and services produced鈥攁re measured by units of output, which is correct. However, resources are not measured by units of output but rather by units of input. Hence, this statement is also false.
03

Option C:

91影视 are measured by units of input, and final demand is measured by units of output. This statement correctly defines the relationship between resources, final products (final demand), and units of input and output. 91影视 are measured by units of input, and final products (final demand) are measured by units of output. Hence, this statement is true.
04

Option D:

91影视 are measured by units of output, and final products are measured by units of input. This statement is the exact opposite of the correct relationship between the terms provided. 91影视 are not measured by units of output, and final products are not measured by units of input. Hence, this statement is false. Based on the above analysis:
05

Answer:

The correct statement is option C: "91影视 are measured by units of input, and final demand is measured by units of output."

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