Which of the Following Statements Is True

question 249

Multiple Choice

Which of the following statements is true?

• A)A decrease in the crime rate increases GDP as people will spend more on security.
• B)Household production is counted in GDP as it amounts to real production.
• C)GDP accounting rules do not adjust for production that pollutes the economy.
• D)GDP growth distributes income equally to people in the economy.

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Definitions:

Mass Consumption

The widespread purchasing and use of products and services by a large number of people.

Hip-hop

A cultural movement that originated in the 1970s in the Bronx, New York, encompassing music, dance, art, and fashion.

Institutional Authority

Refers to the power and influence possessed by organizations within structured and established institutions, such as governments, religious bodies, or educational entities, that enable them to enforce norms and rules.

Deferential

Showing respectful submission or yielding to the judgment, opinion, or will of another person.