GDP includes a positive adjustment for the value of leisure and well-being. turn

Question

GDP includes a positive adjustment for the value of leisure and well-being.

turn negative

become unprofitable.

government.

30. Which of the following statements is TRUE about GDP? GDP includes all known goods and services in the underground economy. GDP includes a negative adjustment for damage caused by pollution. GDP does not account for the distribution of income in a country.

GDP includes a positive adjustment for the value of leisure and well-being.

36. Based on the nature of China's growth in recent years, it is likely that its growth rate will _____ in coming years. increase decrease remain about the same

turn negative

37. Other things held constant, an increase in depreciation will cause the capital stock to: decrease. increase. remain unchanged.

become unprofitable.

40. New capital is created in the economy by: consumption. investment. depreciation.

government.

42. A small country's aggregate production function is given by Y = K1/2. Its depreciation rate is 5% and its investment rate is 25%. What is its steady-state level of capital? 25 5 1.25 0.25

Explanation / Answer

Question:- Which of the following statements is TRUE about GDP?

Answer:- GDP does not account for the distribution of income in a country.

Reason:- GDP mainly involves the total production and consumption of products and services in a given economy

Question:- Based on the nature of China's growth in recent years, it is likely that its growth rate will _____ in coming years

Answer:- Decrease

Question:- Other things held constant, an increase in the rate of depreciation will cause the capital stock to:

Answer:- Decrease

Question:- New capital is created in the economy by:

Answer:- Investment

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.