When measuring GDP, Select one: a. the government sector is not counted because it does not produce goods and services. b. the expenditure on goods and services by all levels of government are included. c. the government sector is not included because it is the public sector not the private sector. d. the government sector is counted, and the value of the government sector in GDP is equal to its tax revenue. e. only the federal government's expenditure on goods and services are included.

answer; experimentation;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.