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Author Question: Which of the following is the most likely side effect of an increase in the relative size of the ... (Read 116 times)

newbem

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on: Jun 30, 2018
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.

Question 2

The total quantity of goods and services demanded by households, firms, foreigners, and government at varying price levels is:
 a. gross domestic product.
  b. aggregate demand.
  c. aggregate expenditure.
  d. total demand.
  e. total expenditure.


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Leostella20

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


newbem

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Reply #2 on: Jun 30, 2018
Thank you


Leostella20

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Reply #3 on: Jun 30, 2018
No problemo


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