Which of the following is not omitted from GDP?
A) home production
B) illegal activities
C) leisure activities
D) legal services
Correct Answer:
Verified
Q20: Nominal GDP always grows faster than real
Q21: Transfer payments are included under
A)consumption
B)investment
C)government purchases
D)none of
Q22: The four components of GDP are:
A)consumption, money
Q23: The value of the housing service provided
Q24: Real GDP is:
A)the production of goods and
Q26: Statistics such as GDP, the unemployment rate,
Q27: David's Microchip Company (DMC) produces microchips for
Q28: Suppose GDP consists of wheat and rice.In
Q29: Gross domestic product measures:
A)the total income of
Q30: If the GDP deflator is $98 billion
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