Which of the following is the most important nonmarket transaction omitted from the GDP?
a. service of housewives or househusbands
b. tending small gardens
c. bartering between two people
d. mowing the lawn
a. service of housewives or househusbands
You might also like to view...
There is very little intergenerational mobility; the children of the rich stay rich and the children of the poor stay poor
Indicate whether the statement is true or false
The graph that relates hours of labor input to output is called the
a. consumption function. b. conjunction function. c. capital function. d. production function.
Ethan purchases a new house for $170,000 . Ethan's purchase of the house contributes $170,000 to which magnitude in the identity Y = C + I + G?
a. C b. I c. G d. None of the above are correct.
When the economy experiences sustained economic expansion, the percent of the population who are unemployed 27 weeks of longer:
A. decreases. B. increases. C. may increase or decrease. D. does not change.