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Author Question: Which of the following is a shortcoming of GDP? a. GDP excludes changes in inventories. b. GDP ... (Read 50 times)

brutforce

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on: Jun 30, 2018
Which of the following is a shortcoming of GDP?
 a. GDP excludes changes in inventories.
  b. GDP includes an estimate of illegal transactions.
  c. GDP excludes nonmarket transactions.
  d. GDP excludes business investment spending.

Question 2

Which of the following is true, other things equal?
 a. A reduction in prices will increase the real wealth of those holding a fixed quantity of money.
  b. A reduction in prices will lead to a decline in net exports.
  c. A reduction in prices will increase the scarcity of money, raise the real interest rate, and, thereby, encourage investment and consumption.
  d. A reduction in prices will increase profit margins and, thereby, stimulate additional investment.


aruss1303

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

c

Answer to Question 2

a


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