The top priority of D<span>ang </span>Udin Soto<span>, the street vendor, is the better life for his children. He is currently living in Jakarta, Indonesia that is currently facing a rising living cost. He is one of the many people that are risk of slipping out of the middle class because of the slow movement of the economy.</span>
<h2>No. "Household production" does not contribute much to the GDP.</h2>
Explanation:
To arrive at the reason, first we need to understand the term "GDP" and "shortcoming"
Shortcoming means failure to meet certain expectations.
GDP: It is the snapshot of the economy which speaks about the production in certain period.
Since the household production does not come under market transaction and since GDP involves only market transaction, household production cannot be considered and thus it is not a serious reason for shortcoming of GDP.
Answer:
CareerOneStop
O*NET
Occupational Outlook Handbook
Explanation:
<span>The law of increasing costs states that increasing output is a result of higher production costs due to higher production. So, </span><span>as you </span>increase<span> the production of one good, the opportunity </span>cost<span> to produce the additional good increases.</span><span>
According to the law of increasing costs, if the </span>town decides to grow more kiwis and decrease tire manufacturing, the cost of producing kiwis will increase.
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