The "statistical discrepancy" that the NIPA includes in the data is to account for the following, except:
A. To equalize GDP totals produced by the expenditures approach and the income approach
B. Errors due to people misrepresenting their incomes on their tax returns
C. Difficulty in accurately estimating depreciation
D. Household production, or "do-it-yourself" activities of households
D. Household production, or "do-it-yourself" activities of households
Economics
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Over a 19-month period ending in July, 130 million domestic and international round-trip tickets worth $94 billion showed the lowest average price, of _____, was on Sunday.
Fill in the blank(s) with the appropriate word(s).
Economics
A wage rate that is adjusted for changes in the price level is known as the
A) nominal wage. B) minimum wage. C) functional wage. D) real wage.
Economics