Refer to the information provided in Table 23.3 below to answer the question(s) that follow. Table 23.3Refer to Table 23.3. Assuming society's MPC is constant at an aggregate of income of $2,000, aggregate consumption would be

Gross domestic product understates the total production of final goods and services because of the omission of

A) intermediate goods. B) exports. C) inflation. D) the underground economy.

According to the Solow model, which type of government spending is more likely to raise the long-term growth rate of output per person, spending on infrastructure or spending on research and development?

What will be an ideal response?