If individuals were paid for their household production,what would be the effect on GDP?
A) GDP would not change, but net domestic income would increase.
B) GDP would not change, but net domestic income would decrease.
C) GDP would decrease.
D) GDP would increase.
Correct Answer:
Verified
Q66: What is the term for the total
Q67: What is depreciation?
A)It is an indirect business
Q68: What does personal income measure?
A)aggregate income minus
Q69: By how much is gross domestic product
Q70: What is personal income?
A)It is earned income.
B)It
Q72: How is nominal GDP defined?
A)the base-year market
Q73: What is the largest source of income?
A)profits
B)interest
C)rent
D)wages
Q74: Which of the following statements about the
Q75: What is the CPI a measure of?
A)the
Q76: What type of factor payment accounted for
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