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Author Question: Gross domestic product (GDP) understates total economic activity because it ignores household ... (Read 24 times)

laurencescou

  • Hero Member
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  • Posts: 593
on: Jun 30, 2018
Gross domestic product (GDP) understates total economic activity because it ignores household production of goods and services.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

It has been estimated that the marginal propensity to consume out of tax rebate money is around 1/3.
 a. True
  b. False
  Indicate whether the statement is true or false


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djofnc

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

True

Answer to Question 2

True


laurencescou

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  • Posts: 593
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

nyrave

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Reply 3 on: Yesterday
Excellent

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