Which of the following is NOT included in real GDP? A) ...

[tth]

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]

Answer to Question 1

C

Answer to Question 2

B