Multiple Choice
Excluding household and underground production leads to
A) underestimation of real GDP but not nominal GDP.
B) overestimation of real GDP but not nominal GDP.
C) overestimation of both real GDP and nominal GDP.
D) underestimation of both real GDP and nominal GDP.
E) underestimation of real GDP an overestimation of nominal GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q189: Nominal GDP can change<br>A)only if prices change.<br>B)only
Q190: Leisure time is ignored when calculating GDP
Q191: When measuring GDP,<br>A)the government sector is not
Q192: Real GDP can increase if the<br>I.quantities of
Q193: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -Based on the
Q195: "When you purchase $1,000 of stock in
Q196: The base year is 2011.A country only
Q197: A measure of a country's production is
Q198: In comparing the magnitudes of the components
Q199: Gross Domestic Product equals<br>A)Y = C +