If we included the purchases of used goods in GDP,
a. we would be overestimating GDP
b. we would be underestimating GDP
c. we would be accurately measuring GDP
d. the effect on GDP would vary depending on what year the goods were sold new
e. we could offset any measurement problems by also including purchases of stocks and bonds
A
Economics
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Indicate whether the statement is true or false
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Disease, poor nutrition, and substandard health care in developing nations can reduce growth in an economy by
A) reducing physical capital. B) reducing human capital. C) increasing technological change. D) increasing labor productivity.
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