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Author Question: The cost of inflation to society includes I. the opportunity costs of resources used by people to ... (Read 54 times)

Redwolflake15

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on: Jun 29, 2018
The cost of inflation to society includes I. the opportunity costs of resources used by people to protect themselves against inflation. II. the diversion of productive resources to forecasting inflation.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

In calculating GDP, household production is
 
  A) included as part of consumption.
  B) ignored because it is not a large amount.
  C) not included because there is no market transaction.
  D) included under employee compensation.


apple

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

C

Answer to Question 2

C


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