Multiple Choice
Which of the following leads to an understatement of total production?
A) The exclusion of work done by homemakers.
B) A decrease in the GST rate.
C) Government spending on an oil-spill clean-up.
D) The exclusion of intermediate goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q70: Below is a national income statement for
Q71: Generally speaking,which of the following measures of
Q72: If the corporate gross profits of an
Q73: Below is a national income statement for
Q74: What is true of an increase in
Q76: What is the result of investment?<br>A)Expanded production
Q77: Distinguish between an intermediate and final good.Give
Q78: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer
Q79: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the
Q80: In calculating GDP,how do national income accountants