uestion Gross domestic product understates the total pro

01 Jun uestion Gross domestic product understates the total pro

Posted at 06:01h in Essay Writing Services by Past Papers

uestion

Gross domestic product understates the total production of final goods and services because of the omission of

			exports.
			inflation.
			intermediate goods.
			nonmarket household production.

	Points Received:	1 of 1
	Comments:

Question 2.

Question :

Which of the following is not a durable good?

			furniture
			automobile
			clothing
			refrigerator

	Points Received:	1 of 1
	Comments:

Question 3.

Question :

Increases in real GDP wouldoverstatethe increase in the well-being of a country over time if, over that time period, the

			average hours worked per week increased.
			amount of pollution decreased.
			price level increased.
			crime rate decreased.

	Points Received:	1 of 1
	Comments:

Question 4.

Question :

The best measure of the income households actually have available to spend is

			personal income.
			disposable personal income.
			national income.
			net national income.

	Points Received:	1 of 1
	Comments:

Question 5.

Question :

Suppose Bob works for Mary as a proofreader. Mary and Bob fall deeply in love, marry and have eight children. Bob stops working for Mary in order to care for the children. What will be the effect on GDP?

			GDP will decrease.
			GDP will increase.
			GDP will not change.
			GDP may increase or may decrease depending on inflation.

	Points Received:	1 of 1
	Comments:

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uestion Gross domestic product understates the total pro

01 Jun uestion Gross domestic product understates the total pro

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