If On-The-Job Working Conditions Have Improved Over Time

question 8

Multiple Choice

If on-the-job working conditions have improved over time,

• A) real GDP will understate the growth rate of real income.
• B) real GDP will overstate the growth rate of real income.
• C) the GDP deflator will overestimate inflation.
• D) real GDP will overstate the growth rate of real income, and the GDP deflator will understate inflation.

---

Definitions:

Fahrenheit

A scale of temperature where water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Fahrenheit

A scale for measuring temperature where water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Celsius

A scale and unit of measurement for temperature where 0 degrees represents the freezing point and 100 degrees the boiling point of water at sea level.

Fahrenheit

A scale of temperature on which water freezes at 32 degrees and boils at 212 degrees under standard conditions.