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Author Question: Which of the following is NOT included in real GDP? A) production of services, such as the ... (Read 62 times)

tth

  • Hero Member
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  • Posts: 579
on: Jun 29, 2018
Which of the following is NOT included in real GDP?
 
  A) production of services, such as the services of hair dressers
  B) production of goods that last less than a year, such as production of hot dogs
  C) production that takes place in the underground economy
  D) production of goods that last more than a year, such as a pair of roller blades

Question 2

A price ceiling is a price
 
  A) below which a seller cannot legally sell.
  B) above which a seller cannot legally sell.
  C) that creates a surplus of the good.
  D) Both answers A and C are correct.


mcarey591

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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