Author Question: Gross domestic product (GDP) understates total economic activity because it ignores household ... (Read 23 times)

laurencescou · **on:** Jun 30, 2018

Gross domestic product (GDP) understates total economic activity because it ignores household production of goods and services.
a. True
b. False
Indicate whether the statement is true or false

Question 2

It has been estimated that the marginal propensity to consume out of tax rebate money is around 1/3.
a. True
b. False
Indicate whether the statement is true or false