Multiple Choice
None of the following activities are included in the calculation of GDP. Which one does NOT result in understating GDP?
A) Volunteer work.
B) Home production, such as housekeeping.
C) The sale of preowned goods, such as used cars.
D) The sale of illegal goods, such as recreational drugs.
Correct Answer:
Verified
Correct Answer:
Verified
Q229: Human capital investments:<br>A) include formal education, on-the-job
Q230: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9874/.jpg" alt=" -Real GDP in
Q231: Use the basis of the following table,
Q232: Which of the following statements is true?<br>A)
Q233: Price indexes:<br>A) have little real world applicability.<br>B)
Q235: A good cost $400 in the base
Q236: Cyclical unemployment refers to:<br>A) unemployment that occurs
Q237: A decrease in productivity means that:<br>A) nominal
Q238: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9874/.jpg" alt=" -Real GDP in
Q239: Lee lost his job because his employer