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Author Question: Why would economists disagree over positive analysis?[br][br][b][color=#7BCCB5]Question ... (Read 91 times)

Medesa

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on: Jun 30, 2018
Why would economists disagree over positive analysis?

Question 2

Which of the following is not included in GDP?
 a. the fees for legal services rendered by your attorney
 b. the replacement of brake pads on your six-year-old vehicle
 c. cash income paid to a day laborer that is not reported to the tax authorities
  d. the payments for a chiropractor's services


Jsherida

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Economists might disagree over positive analysis for at least two reasons. One, a particular model may yield mixed results. Two, the information available may be insufficient to make a compelling theory.

Answer to Question 2

c


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