A technology shock could have a different impact than a natural catastrophe because ________.
A) the former would likely lower TFP and the latter raise labor productivity
B) the former would likely lower output and the latter raise production
C) the former would likely raise output and the latter would raise TFP
D) the former would likely lower labor productivity and the latter would lower TFP
E) the former would likely raise TFP and the latter would curtail production
Question 2
Here is what we know about a household: wages 25,000, unemployment insurance benefits 3,000, dividend income 4,000, income tax 5,000. What is the contribution to GDP of this household following the expenditure approach?
A) 24,000
B) 25,000
C) 28,000
D) 29,000
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Selected Natural Products
Selected Natural Products