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.
D
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A public franchise gives the exclusive right to produce a product for 20 years from the date the product is invented
Indicate whether the statement is true or false
In the money market, an excess supply of money is equivalent to an excess supply of bonds
Indicate whether the statement is true or false
In the above figure, total cost for this profit-maximizing monopolistically competitive firm is
A) $91,000. B) $50,000. C) $70,000. D) $72,000.
The following would cause an upward shift in the C + I + G + X curve EXCEPT
A) an increase in disposable income. B) an increase in export spending. C) a decrease in import spending D) an increase in household wealth.