An increase in the government budget deficit is most likely to result in an increase in which of the following?

If individuals were paid for their household production, GDP would: a. increase

b. not change, but GNP would increase. c. decrease. d. not change, but GNP would decrease.

Inventors often obtain patents on new products and processes, thereby turning new ideas into

a. private goods and increasing the incentive to engage in research. b. private goods but decreasing the incentive to engage in research. c. public goods and increasing the incentive to engage in research. d. public goods but decreasing the incentive to engage in research.