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Author Question: The term capital in economic theory refers to A) any privately owned resource. B) bonds, stocks, ... (Read 57 times)

leo leo

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on: Jun 29, 2018
The term capital in economic theory refers to
 
  A) any privately owned resource.
  B) bonds, stocks, and similar financial assets.
  C) money available for lending or spending.
  D) produced goods used to produce future goods.
  E) savings out of income.

Question 2

What is underground production? Is it included in GDP?
 
  What will be an ideal response?


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Rilsmarie951

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Underground production is the production of goods and services that remain hidden from the government. Underground production includes the production of illegal goods and services and the production of legal goods and services but in a way that avoids taxes or regulations. Underground production is not included in GDP.


leo leo

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Excellent

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