Reported GDP increases when, in fact, total production is ...

[Alygatorr01285]

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.

[carolinefletcherr]

Answer to Question 1

D

Answer to Question 2

A

[Alygatorr01285]

Thanks for the timely response, appreciate it

[yeungji]

Excellent