Which of the following is a shortcoming of GDP?
a. GDP measures used goods and services.
b. GDP includes changes in inventories.
c. GDP includes the value of net exports.
d. GDP does not make an allowance for leisure time.
d
Economics
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List the factors that influence supply. How does a change in each of the factors you have listed affect the supply curve?
What will be an ideal response?
Economics
What is the drawback of analyzing only one round of effects and leaving the feedback effects unobserved?
a. Not all three markets will be analyzed. b. The qualitative effect might be offset by feedback effects. c. The quantitative effect might be overestimated or underestimated. d. All of the above
Economics