The government (G) category of gross domestic product (GDP) ...

[biggirl4568]

The government (G) category of gross domestic product (GDP) excludes welfare and other transfer payments.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The pre-Keynesian or classical economic theory viewed the long-run aggregate supply curve for the economy to be:
 a. horizontal at the full-employment level of real GDP.
  b. positively sloped at the full-employment level of real GDP.
  c. vertical at the full-employment level of real GDP.
  d. backward bending at the full-employment level of real GDP.

[Bsand8]

Answer to Question 1

True

Answer to Question 2

c