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Question 5 (2 points) Over the past few decades, people have gradually come to rely more on market-produced goods and less on goods that they
Question 5 (2 points) Over the past few decades, people have gradually come to rely more on market-produced goods and less on goods that they produce for themselves. What impact would this change have on GDP? It would change GDP, but in an uncertain direction. It would not make any change in GDP over time. OOO It would make GDP fall over time. It would make GDP rise over time. Question 6 (2 points) Italy has a larger underground economy than Canada, and Italy's citizens work fewer hours per week than the citizens of Canada. Other things being equal, how will these facts affect GDP comparisons between the countries? It is difficult to determine since an underground economy will understate the economic welfare of a country O while fewer hours worked will overstate it. O GDP comparisons between the countries will understate the economic welfare of Italy compared with Canada. It is difficult to determine since an underground economy will overstate the economic welfare of a country while O fewer hours worked will understate it. GDP comparisons between the countries will overstate the economic welfare of Italy compared to Canada
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