Multiple Choice
Which of the following is counted in GDP?
A) the value of goods and services produced in the underground economy
B) the cost of a speed boat purchased by drug smugglers
C) the value of do-it-yourself work
D) the value of leisure
E) the value of learning that takes place when you read a book from the library
Correct Answer:
Verified
Correct Answer:
Verified
Q159: Which of the following could cause nominal
Q236: To make the calculation of real GDP
Q237: Table 4.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Table 4.3
Q238: The table below describes the value added
Q240: In a small economy for 2017, final
Q242: Which of the following is a true
Q243: If prices are rising on average, then<br>A)real
Q244: Gross domestic product understates the total production
Q245: Suppose, in 2018, you purchased a house
Q246: The "underground economy" is also referred to