Name: ID: B 7 save (MP 3. Which of the following is true of GDP? multi I. Its largest component if using the income method is wages and salaries II. It includes goods made in a country and sold abroad. III. It excludes payments made when buying stocks and bonds II only III only d I and III only d. II and III only e. I, II, and III are all true of GDP el song oldresor 4. If Alison it takes Alison 10 minutes to make a gadget or 30 minutes to make a doodad. It takes Eleanor 5 minutes to make a gadget or 25 minutes to make a doodad. Which statement below is correct based on the above information. a. Alison has an absolute advantage in the production of both gadgets and doodads, whereas Eleanor has a comparative advantage in the production of gadgets. b. Eleanor has an absolute advantage in the production of both gadgets and doodads, Alison has comparative advantage in gadgets. C. Eleanor has and absolute advantage in the production of both gadgets and doodads, Alison has a comparative advantage in the production of gadgets and doodads. d. Alison has an absolute advantage in production of both gadgets and doodads, Eleanor has comparative advantage in doodads. e. Eleanor has an absolute advantage in the production of gadgets, Alison has a comparative advantage in the production of doodads