How is leisure counted in GDP?

A. a consumption
B. as investment
C. it is not counted in GDP
D. as an intermediate good

Answer: C. it is not counted in GDP

Economics

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Refer to Table 6-4. Which of the following statements is correct?

A) The publisher's analysis is correct only if the demand is elastic. B) The publisher's analysis is correct only if the demand is perfectly inelastic. C) The publisher's analysis is correct only if the demand is unit elastic. D) The publisher's analysis is correct only if the demand is perfectly elastic.

Economics

When workers are paid on a piece-rate basis, an employer must be able to easily measure each worker's output

Indicate whether the statement is true or false

Economics