Why do GDP figures tend to understate the quantity of goods and services available?
A) because most household production is ignored
B) because many items are counted twice or more in intermediate stages of production
C) because more women are entering the labour force
D) because firms often add less to inventories than they planned to
Correct Answer:
Verified
Q85: Which of the following would increase GDP?
Q86: Which of the following is an injection
Q87: Depreciation is subtracted from GDP to get
Q88: Which of the following is NOT a
Q89: Which of the following transactions is NOT
Q91: How does activity in the underground economy
Q92: What changes are captured by the gross
Q93: What does depreciation refer to?
A) a decrease
Q94: Louis always knits ten sweaters a year
Q95: How does net domestic product (NDP) differ
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