In 2006 and 2007 the U.S. faced an inflationary gap which would suggest the use of restrictive fiscal policy

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

Gross domestic product (GDP) understates total economic activity because it ignores household production of goods and services

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