Household production is not measured in the GDP
Indicate whether the statement is true or false
TRUE
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The income per worker of a country increases if ________
A) the number of children in the country aged below 15 increases B) the country's GDP increases, all other variables remaining constant C) the number of retired people in the country increases D) the country's GDP falls, all other variables remaining constant
An increase in the interest rates will
a. cause people to hold less money, which, in turn, means that the velocity of money increases. b. cause people to hold less money, which, in turn, means that the velocity of money decreases. c. cause people to hold more money, which, in turn, means that the velocity of money increases. d. cause people to hold more money, which, in turn, means that the velocity of money decreases.