Author Question: One of the problems with the definition of economic growth is that A) it overstates economic ... (Read 107 times)

schs14 · **on:** Jun 29, 2018

One of the problems with the definition of economic growth is that

A) it overstates economic growth because it does not account for leisure time.
B) it does not account for the distribution of income.
C) it overstates economic growth because it does not account for the reduction in work time.
D) it understates economic growth because it does not account for the reduction in work time.

Question 2

The opportunity cost of holding money refers to

A) the service fees associated with checking accounts.
B) the service fees associated with checking accounts plus the costs undertaken to prevent theft.
C) the interest that could have been earned if the money balances had been transferred to an interest-bearing asset.
D) the pleasure that would have been received if the money balances had been used to buy a good or service.