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.
Example of Health Care Services
Language Access Services
Language Access Services
Real Femur
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Nonshivering heat production