Quiz_195 - 67 A B underage5 C

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67) Which of the following is likely to increase measured GDP?A) Tax rates increase and more people attempt to underreport their income for tax purposes.B) A greater number of women decide to stay at home and provide day care for their childrenunder age 5.C) More people decide to do their own lawn maintenance and give up using a professionalservice.D) Marijuana becomes legal to grow and sell.Answer: D67)Diff: 2Page Ref: 627/221Topic: Shortcomings in GDP as a Measure of Total ProductionLearning Outcome: Macro 3: Identify and interpret key macroeconomic measuresAACSB: Reflective Thinking68) The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of thedecline in working hours68)Diff: 2Page Ref: 626/220Topic: Shortcomings in GDP as a Measure of Total ProductionLearning Outcome: Macro 3: Identify and interpret key macroeconomic measuresAACSB: Reflective Thinking69) A sharp increase in the divorce rate increases the number of lawyers hired to determine divorcesettlements. This will69)Diff: 1Page Ref: 627/221Topic: Shortcomings in GDP as a Measure of Total ProductionLearning Outcome: Macro 3: Identify and interpret key macroeconomic measuresAACSB: Reflective Thinking
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