Tom Atoe grows fruits and vegetables for home consumption. This activity is:
a) excluded from GDP in order to avoid double counting.
B) excluded from GDP because an intermediate good is involved.
c) productive but is excluded from GDP because no market transaction occurs.
d) included in GDP because it reflects production.
c) productive but is excluded from GDP because no market transaction occurs.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
Which of the following individuals are considered officially unemployed?
a. a discouraged worker b. an individual who quits his job to raise a child c. an individual who is not looking for a job because he works in the underground economy d. None of the above
What is a fringe benefit?
a. a cash payment for casual work b. a business other than sales or marketing c. a payment other than wages or salaries d. an accounting term meaning profits
Network externalities can:
A. increase the value of new technologies. B. create diffuse profits for producers. C. decrease the benefits of a winner-take-all industry. D. lead to the adoption of inefficient technologies.