One of the flaws of GDP is that it
A) includes measures of changes of quality of life associated with producing output.
B) includes measures of the underground economy.
C) includes only transactions that take place in formal businesses.
D) ignores transactions that do not take place in organized markets.
D
Economics
You might also like to view...
The higher the default risk on a bond, the higher the interest rate will be
Indicate whether the statement is true or false
Economics
In the IS-LM model, the expenditure multiplier is [1/(1-b)] when the
A) LM curve is horizontal. B) LM curve is upward-sloping. C) LM curve is vertical. D) IS curve is vertical.
Economics