Gross domestic product (GDP) understates total economic activity ...

[laurencescou]

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

[djofnc]

Answer to Question 1

True

Answer to Question 2

True

[laurencescou]

Thanks for the timely response, appreciate it

[xiaomengxian]

TYSM