Which of the following statements is true?
A) GDP growth distributes income equally to people in the economy.
B) GDP accounting rules do not adjust for production that pollutes the economy.
C) A decrease in the crime rate increases GDP as people will spend more on security.
D) Household production is counted in GDP as it amounts to real production.
B
Economics
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Referring to Figure 19.2, the effect of a decrease in U.S. interest rates is represented by a movement from point
A) b to c. B) c to d. C) d to a. D) c to b.
Economics
Of the following, the largest source of revenue for the federal government is the
A) personal income tax. B) transfers from state and local governments. C) corporation income tax. D) lottery. E) revenue from the sale of public lands.
Economics