The opportunity cost of something is the gain you receive as a result of your sacrifice

The capacity of a firm can best be described as:

A) when a firm are producing maximum output B) a firm's production when operating normal hours using a normal sized workforce C) when a firm makes full use of all the space available in his factory or building D) when all of the firm's workers are producing at their maximum potential

Which of the following is the most likely side effect of an increase in the relative size of the underground economy with the passage of time?

a. The growth rate of real GDP will tend to understate the growth rate of total output. b. The growth rate of real GDP will tend to overstate the growth rate of total output. c. The GDP deflator will tend to overstate any increase in inflation. d. The GDP deflator will tend to understate any increase in inflation.