If individuals were paid for their household production, GDP would:
a. increase
b. not change, but GNP would increase.
c. decrease.
d. not change, but GNP would decrease.
a
Economics
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Refer to the above figures. Which panel represents the expected relationship between tax revenue and the sales tax rate if dynamic tax analysis is used?
A) Panel 1 B) Panel 2 C) Panel 3 D) Panel 4
Economics
Why do economists sometimes treat decision makers as boundedly rational?
Economics
A free good is:
A) also a scarce good. B) a relatively abundant good. C) a good with no opportunity cost. D) a good with relatively low opportunity cost.
Economics
The value of a dollar:
A. is its purchasing power. B. remains constant over time. C. is its face value. D. is set by the government.
Economics