Which of the following statements is true?
A) Household production is counted in GDP as it amounts to real production.
B) GDP growth distributes income equally to people in the economy.
C) GDP accounting rules do not adjust for production that pollutes the economy.
D) A decrease in the crime rate increases GDP as people will spend more on security.
C
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If a project's only risk is diversifiable,
A) only half the risk premium should be added to the discount rate. B) only half the risk premium should be subtracted from the discount rate. C) the risk premium should be added to the discount rate. D) the risk premium should be subtracted from the discount rate. E) no risk premium should be attached to the discount rate.
The horizontal summation of individual demand curves gives the market demand curve for a public good
a. True b. False Indicate whether the statement is true or false
Political instability is an obstacle to development in:
A. both market and socialist economies. B. neither market nor socialist economies. C. market economies. D. socialist economies.
Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.Equilibrium in this market occurs at the intersection of curves S and D.
Figure 4.6Refer to Figure 4.6. The area of [A + B + C] represents
A. consumer surplus plus producer surplus. B. consumer surplus minus producer surplus. C. producer surplus. D. consumer surplus.