Which of the following statements is true?
A) GDP growth distributes income equally to people in the economy.
B) GDP accounting rules do not adjust for production that pollutes the economy.
C) A decrease in the crime rate increases GDP as people will spend more on security.
D) Household production is counted in GDP as it amounts to real production.
B
You might also like to view...
If the economy is above full employment, there is ________ gap, and as the economy adjusts toward full employment, the price level ________
A) a recessionary; rises B) an inflationary; falls C) a recessionary; falls D) an inflationary; does not change E) an inflationary; rises
In 2015, the average height of adult males in the United States was
A) 5' 7.0". B) 5' 9.5". C) 6' 0.0". D) 6' 4.75".
The marginal revenue product curve shifts when
A) wages fall. B) there is a change in the product price workers are producing. C) wages rise. D) the wages paid exceed the price.
One of the disadvantages of an organization which has a matrix structure is that :
a. each individual reports to one boss, causing excess flow of information to one individual. b. flow of information is difficult when operations are so highly diversified. c. each individual has two bosses whose interests may not be aligned. d. there are limits to the information a firm's headquarters can use effectively in making decisions.