1-While calculating GDP, goods and services that are produced and sold illegally and items that are produced and consumed at home are not included because __________ Select one: a. government wants to discourage these production and consumption b. it does not contribute much value to GDP c. these goods and services does not pay taxes d. measuring them is so difficult Clear my choice 2- Country A has a population of 1,000, of whom 700 worked an average of 8 hours a day and had a productivity of 2.5. Country B has a population of 800, of whom 560 worked 8 hours a day and had productivity of 3.0. The country with the higher real GDP is country B. Select one: a. True b. False Clear my choice
1-While calculating GDP, goods and services that are produced and sold illegally and items that are produced and consumed at home are not included because __________ Select one: a. government wants to discourage these production and consumption b. it does not contribute much value to GDP c. these goods and services does not pay taxes d. measuring them is so difficult Clear my choice 2- Country A has a population of 1,000, of whom 700 worked an average of 8 hours a day and had a productivity of 2.5. Country B has a population of 800, of whom 560 worked 8 hours a day and had productivity of 3.0. The country with the higher real GDP is country B. Select one: a. True b. False Clear my choice
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
1-While calculating GDP , goods and services that are produced and sold illegally and items that are produced and consumed at home are not included because __________
Select one:
a. government wants to discourage these production and consumption
b. it does not contribute much value to GDP
c. these goods and services does not pay taxes
d. measuring them is so difficult
Clear my choice
2-
Country A has a population of 1,000, of whom 700 worked an average of 8 hours a day and had a productivity of 2.5. Country B has a population of 800, of whom 560 worked 8 hours a day and had productivity of 3.0. The country with the higher real GDP is country B.
Select one:
a. True
b. False
Clear my choice
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