Author Question: Reported GDP increases when, in fact, total production is unchanged when I. there is a shift from ... (Read 55 times)

Alygatorr01285 · **on:** Jun 29, 2018

Reported GDP increases when, in fact, total production is unchanged when I. there is a shift from household production to market production. II. a previously illegal activity is legalized.

A) I only
B) II only
C) neither I nor II
D) both I and II

Question 2

Which of the following predicts that there can be no sustained rise in real GDP per person above the subsistence level?

A) classical growth theory
B) neoclassical growth theory
C) new growth theory
D) None of the above because all predict that there will be a sustained rise above the subsistence level.