Refer to the information provided in Figure 24.4 below to answer the question(s) that follow. Figure 24.4Refer to Figure 24.4. What is the value of the expenditure multiplier?

Sam's production possibilities frontier has good A on the horizontal axis and good B on the vertical axis. If Sam is producing at a point inside his frontier, then he

A) can increase production of both goods with no increase in resources. B) is fully using all his resources. C) values good A more than good B. D) values good B more than good A.

While calculating a nation's output per hour worked, the farming sector is excluded. This is because their output is not sold in the market and their productivity is hard to measure

a. True b. False Indicate whether the statement is true or false