Which of the following circumstances would cause current GDP to understate economic well-being today in comparison to economic well-being 75 years ago?
A) An increase in size of firms
B) Greater participation of housewives in the labor force now than 75 years ago
C) The trend toward less self-sufficiency in agriculture
D) The trend toward a shorter workweek
Correct Answer:
Verified
Q206: Q207: If prices rise more quickly than output Q208: Net domestic product is equal to Q209: Susan works for no compensation at the Q210: National Income is about _ percent of Q212: If GDP rose by 5 percent per Q213: Transfer payments are Q214: If GDP falls by 25 percent since Q215: If real GDP rose by 4 percent Q216:
A)gross national
A)such things as imputed rent
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