23章SOLUTIONS TO TEXT PROBLEMS:Quick Quizzes:1.Gross domestic product measures two things at once: (1) the total income of everyone in the economy; and (2) the total expenditure on the economys output of goods and services. It can measure both of these things at once because income must equal expenditure for the economy as a whole.2.The production of a pound of caviar contributes more to GDP than the production of a pound of hamburger because the contribution to GDP is measured
