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The broadest measure of the price level that includes all final goods and services is

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Which of the following is the best example of an embodied technological change?

According to research by Rafael La Porta of Tuck School of Business at Dartmouth and Andrei Shleifer of Harvard​ University, in developing​ countries, the average firm in the informal​ sector, or underground​ economy, employs 4 workers as opposed to 126 workers employed by the average firm in the formal sector.​Sources: Rafael La Porta and Andrei​ Shleifer, "Informality and​ Development," Journal of Economic Perspectives​, Vol.​ 28, No.​ 3, Summer​ 2014, pp.​ 109-126.What is the informal​ sector, or underground​ economy?A.This is the part of the economy where production is heavily taxed by the government.B.This is the part of the economy characterized by the pollution and other negative externalities its production creates.C.The informal​ sector, or underground​ economy, is when production occurs in other countries.D.The informal sector is the sector of the economy where production is concealed from the government.

An article on bloomberg.com stated that​ "inventories gave GDP a small​ boost."​Source: Katia​ Dmitrieva, "U.S. GDP Grows at​ 2.6% Pace as Business Spending​ Accelerates," bloomberg.com, February​ 28, 2019.For this result to​ occur, is it likely that inventories increased or​ decreased? Briefly explain.A.​Increased, since inventories are part of a​ firm's investment, which is a component of​ GDP, inventories must have risen.B.​Increased, because firms earned profits on their​ inventories, which would raise inventory investment.C.​Decreased, because inventories represent goods that firms did not​ sell, indicating a loss to inventory investment.D.This cannot be determined since there is no direct relationship between inventory changes and GDP growth.

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