When looking at economic growth in a country, the distribution of output and income
A) is shared equally.
B) is skewed toward the lowest quintile of the population.
C) generally follows predictable patterns.
D) is not taken into consideration.
Question 2
The implication of Say's law is that
A) a barter economy is the most efficient economy.
B) increased consumption today leads to increased production tomorrow.
C) overproduction in a market economy is not possible.
D) Gross Domestic Product is the same whether we use the expenditure approach or the income approach.
