As measured, GDP omits which of the following? i. Illegal sales of goods and services ii. Changes in the amount of leisure time iii. Household production of goods and services

If the government wants to decrease the quantity consumed of soda by 30%, what percentage of tax would they have to levy on soda consumption?

a. 10% b. 20% c. 30% d. 40%

Which of the following is not an example of intermediate goods or services?

a. Steel used in the manufacture of cars b. Pizzas bought at a restaurant c. Legal services hired by a public accounting firm d. Glass used to manufacture sunglasses e. Vegetables used by a restaurant