Multiple Choice
Which of the following circumstances would cause current GDP to understate economic well-being today in comparison to economic well-being 75 years ago?
A) An increase in size of firms
B) Greater participation of housewives in the labor force now than 75 years ago
C) The trend toward less self-sufficiency in agriculture
D) The trend toward a shorter workweek
Correct Answer:
Verified
Correct Answer:
Verified
Q166: The fact that GDP has risen faster
Q167: The growth of GDP may understate the
Q168: Which is the smallest?<br>A)Net domestic product<br>B)National income<br>C)Government
Q169: In 1986,the base year,GDP was 4000.In 1989
Q170: If GDP rises from $4 trillion to
Q172: Which of the following items would be
Q173: Which of the following would NOT be
Q174: Statement I: The higher the GDP deflator,the
Q175: Which of the following is part of
Q176: Which of the following is an example