GDP calculations tend to exclude all of the following EXCEPT
A) environmental quality.
B) salaries paid to government employees.
C) illegal transactions.
D) work that people do for themselves in their own homes.
B
Economics
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Macroeconomic forecasting is made easier due to the fact that
A) real GDP is variable about trend. B) the business cycle has a regular frequency. C) deviations from trend in real GDP are persistent. D) turning points are easy to predict.
Economics
Who is recognized as the founder of public choice theory?
A. James Buchanan. B. Steve Forbes. C. Joseph Pechman. D. Adam Smith.
Economics