By the end of the colonial period, the Middle Colonies' population gained over New England but the Southern population continued to dominate

Public goods are I. nonexcludable. II. nonrival

A) I only B) II only C) both I and II D) neither I nor II

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.