Multiple Choice
Over time,people have come to rely more on market-produced goods and less on goods that they produce for themselves.For example,busy people with high incomes,rather than cleaning their own houses,hire people to clean their houses.By itself,this change has
A) caused measured GDP to fall.
B) not caused any change in measured GDP.
C) caused measured GDP to rise.
D) probably changed measured GDP,but in an uncertain direction;the direction of the change depends on the difference in the quality of the cleaning that has resulted.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: A transfer payment is a payment made
Q43: Government purchases include spending on goods and
Q44: An American company operates a fast food
Q48: Table 23-4<br>The table below contains data for
Q50: One bag of flour is sold for
Q51: Table 23-5<br>The table below contains data for
Q88: Which of the following is not correct?<br>A)GNP
Q106: National income is defined as<br>A)the total income
Q167: If total spending rises from one year
Q169: GDP does not make adjustments for leisure