Private goods and club goods have in common that they are excludable, but are different in that private goods are rival while club goods are not rival in consumption

The above table shows data from the GDP accounts of Hypothetica. Hypothetica's GDP is ________ billion

A) $270 B) $210 C) $190 D) $160

Many economists agree that this difference is due to all of the following reasons except:

A. Since the 1950s, the economy has become more service oriented and less dependent on the production of goods. B. Since the 1950s, the federal government has stabilized the economy by using active fiscal and monetary policies C. Since the 1950s, people have become more rational and control their spending behavior countercyclically. D. Since the 1950s, the unemployment insurance program and other government transfer programs have aided the economy.