All of the following are shortcomings of GDP as a measure to human well-being except it:
a. Excludes non-market transactions.
b. Excludes international transactions.
c. Excludes black market and underground transactions.
d. Excludes quality improvements that do not increase price or quantity sold.
e. Excludes the value of leisure time.
.B
Economics
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A contractionary fiscal policy will reduce a government budget deficit or increase a government budget surplus and lower the quantity of bonds the government must sell.
a. true b. false
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In the linear breakeven model, a firm incurs operating losses whenever output is less than the breakeven level
a. true b. false
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