Which of the Following Would Cause GDP to Overstate the Growth

question 324

Multiple Choice

Which of the following would cause GDP to overstate the growth in economic well-being over the past 50 years?

• A)Increase in leisure time
• B)Increase in the employment of married women
• C)Decrease in the employment of maids and housekeepers
• D)All of the choices are true

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Definitions:

Output

The total amount of goods or services produced by a company or economy in a given period.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, typically resulting in the reduction of cost per unit.

Aircraft Production

The process and industry involved in designing, manufacturing, and assembling aircraft.

Newspaper Printing

The process of mass-producing copies of a newspaper document, whereby the news and other data are printed onto papers.