Solution-Production by the underground economy

Production by the underground economy

Assignment Help Macroeconomics

Reference no: EM131049150

Suppose GDP was constant over a period of years and yet living standards increased. Which of the following might not be a reason for this?

a) There might be an increase in household production.

b) There might be an increase in production by the underground economy.

c) There might be an increase in exports.

d) There might be an increase in leisure.

Reference no: EM131049150

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Production by the underground economy

Reference no: EM131049150

Reference no: EM131049150

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