Crime currently affects the measurement of GDP such that
a. expenditures on police protection and detention centers contribute to GDP.
b. the loss to victims due to crime is subtracted from GDP.
c. crime is completely ignored because it does not express the economic well-being indicated by GDP.
d. expenditures on police protection and detention centers are subtracted from GDP.
A
You might also like to view...
According to the net exports effect, as the price level falls relative to the rest of the world,
a. foreigners buy fewer goods. b. foreigners buy more U.S. goods. c. the aggregate demand curve shifts to the left. d. the aggregate demand curve shifts to the right. e. the supply of U.S.-made goods increases.
Which of the following factors leads to differences in income across individuals?
a. the level of skills possessed by an individual b. the quality of human capital and education c. preferences for work over leisure d. all of the above
An unexpected increase in aggregate demand results in a decrease in real wages in the short run
a. True b. False Indicate whether the statement is true or false
A person has a comparative advantage if
a. she can produce everything more cheaply than her co-worker can b. she can produce everything at a faster rate than her co-worker can c. she can produce a good with a smaller opportunity cost than her co-worker can d. she sees through corporate and government manipulation e. she gets rich through inheritance