chapter+4.2+does+gdp+measure+what+we+want_no+answers.docx

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Chapter 4.2 Does GDP measure what we want - practice MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)
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Gross domestic product understates the total production of final goods and services because of the omission of
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1)
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_______ A)
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inflation.
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B)
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household production. C)
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exports.
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D)
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intermediate goods. 2)
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Gross domestic product understates the total production of final goods and services because of the omission of
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2)
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_______
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intermediate goods.
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the underground economy.
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exports.
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inflation. 3)
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The size of the underground economy would tend to decrease if the government of a country
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  • Fall '19
  • gross domestic product, crime rate increases GDP

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