Author Question: GDP handles household production by A) estimating a dollar value of the goods purchased to do ... (Read 36 times)

silviawilliams41 · **on:** Jun 29, 2018

GDP handles household production by

A) estimating a dollar value of the goods purchased to do housework.
B) ignoring it.
C) including it in real GDP but not in nominal GDP because there are no prices paid for the work.
D) estimating a dollar value of the services provided.
E) including it in exactly the same way that all other production is included.

Question 2

Which of the following groups of countries are members of NAFTA?

A) the United States, Canada, and Mexico B) the United States, France, and Germany
C) Japan, Canada, and Mexico D) the United States, Japan, and Mexico