GDP tends to underestimate the productive activity in the economy because it excludes: Multiple Choice the work done by construction companies to remodel homes. O the personal labour time homeowners spend on home repairs. spending by businesses to reduce the level of pollution. spending by the government on military goods.

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Q: Qd1 = 30 – 8Pı+4P2 Qs1 = -60+6P| Qa2 = 200 + 4P1 – 4P2 Qs2 = -40+6P2

A: At the equilibrium, demand = supply.