GDP includes a positive adjustment for the value of leisure

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 = K^1/2. 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

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

GDP includes a positive adjustment for the value of leisure and well-being. turn negative become unprofitable. government. 30. Which of the following statements

GDP includes a positive adjustment for the value of leisure

Solution

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