A valid rationale for the decision NOT to include non-compensated housework in Gross Domestic Product (GDP) calculations is that
A. there is some difficulty in measuring quality and quantity.
B. it would decrease the employment rate for domestic work.
C. it is not a product or service.
D. it would understate the value of production in the economy.
Answer: A
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"The current account records foreign investment in a nation minus investment abroad." Is the previous statement correct or incorrect?
What will be an ideal response?
Refer to the payoff matrix below. Which of the following is true for Camping R Us?
A) The Low strategy dominates the Middle strategy.
B) The Middle strategy dominates the Low strategy.
C) The Low strategy dominates the High strategy.
D) The High strategy dominates the Low strategy
A patent provides legal protection for an invention for
A) 20 years. B) 9 years. C) 5 years. D) 3 years.
Parts of the unemployment rate which might increase when labor market conditions are better do include: a. Those who voluntarily quit existing jobs
b. Those who are newly entering the labor force. c. Those who are re-entering the labor force after leaving it earlier. d. All of the above.