GDP ignores all of the following EXCEPT:
A. household production.
B. the value of leisure time.
C. products produced in other countries that are sold in the United States.
D. changes in the environment that occur in the production of output.
Answer: C
Economics
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Poor people, who receive income assistance from the government, often do not work because
a. they face very high implicit marginal tax rates. b. they are usually not physically able to work. c. they have no desire for additional money. d. the government forces them to stay at home and take care of their children.
Economics
A person who monitors the production process and evaluates the productivity of workers is:
A. an employee. B. a self-proprietor. C. a shareholder. D. a manager.
Economics