An example of household production excluded from GDP is
A) household cleaning services provided by Merry Maids Incorporated.
B) child care provided by a certified nanny.
C) tree trimming you provide at your parents' home.
D) plumbing work completed by Joe Fix-it.
E) lawn care provided by a local lawn care company.
C
Economics
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If the reserve requirement is 0.2 and demand deposits are $800 (assume no earlier loans), the banks can lend out
a. $800 b. $80 c. $640 d. $160 e. $960
Economics
Use the above figure. When the budget line rotates from "c" to "b"
A. the price of product J increases. B. the price of product K increases. C. the price of product J decreases. D. the price of product K decreases.
Economics