Author Question: GDP overstates the productive capacity of a country when: a. economic bads like pollution are ... (Read 135 times)

clippers! · **on:** Jun 30, 2018

GDP overstates the productive capacity of a country when:
a. economic bads like pollution are produced and then must be cleaned up.
b. there is a sizable underground economy.
c. nonmarket production represents a large portion of the economy.
d. working conditions improve, allowing jobs to be completed safer and faster.

Question 2

When the price level falls, the total quantities of goods and services demanded:
a. decreases.
b. stays the same.
c. increases.
d. increases and then decreases.
e. decreases and then increases.