Which of the following would increase GDP?
A) More people walk to work rather than drive cars.
B) Consumers in rural areas switch from buying home heating oil to burning wood they collect on their own land.
C) Farm families grow more for themselves than for the market.
D) Neither the price nor the quantity of television sets changes,but the quality of sets improves.
E) The amount spent on vacuum cleaners does not change,but quality decreases so much that more is spent on their repair.
Correct Answer:
Verified
Q132: A decrease in GDP necessarily means that
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Q134: GDP is not a perfect measure of
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Q136: GDP is a poor measure of social
Q138: An imputed payment
A)is a payment that is
Q139: Given the following hypothetical data: C =
Q140: GDP is a good measure of social
Q141: Which is not a shortcoming of GDP
Q142: The price index in the base year
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