Status QUESTION 27 Gross domestic product (GDP) is not a perfect measure of welf

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Status QUESTION 27 Gross domestic product (GDP) is not a perfect measure of welfare because it 10 point a double counts the value of leisure time b. double counts depreciation c. treats a dollar spent on guns the same as a dollar spent on education d. counts illegal activities in the underground aconomy e. treats a dollar spent on exports the same as a dollar spent on imports QUESTION 28 10 points When drawing a production possibilities frontier for two goods, all of the folowing are usually assumed, escept one Which of the following is the exception? a. Technology is fixed b. Resources are fully and efficiently employed c. Resources can be shifted from the production of one good to the other .. d. The quantity of resources is rapidly growing. e. The production possibilities froetier is drawn for a particular time period QUESTION 29 The consumer price index measures a. the cost of all goods and services produced in the U.S. economy. O t·the ratio of an economy's nominal GDP to its real GDP c. the cost of a fixed market basket of consumer goods and services produced in the UI.S. economy d. the income distribution of an economy e. the average change over time in the selling prices received by domestic prodacers for their ousput Click Sow and Subna lo save and shmit, akk Sav A Answers to sane all onwers

Explanation / Answer

27- The correct option is (d)

gdp cannot calculate the illegal activities

28- The correct option is (d)

resources cannot grow.

29- The correct option is (C)

we will use fixed set of commodity.

30-The correct opttion is (A).

that barter system was used to exchange the commidity.

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