Which one of the following will NOT be included in the GDP of a country?
A) the value of a car manufactured in the country but exported abroad
B) volunteer work done by students at their college campus
C) the amount spent by firms on replacing worn-out machines
D) the amount spent by the federal government on hurricane relief
Correct Answer:
Verified
Q22: Suppose that the nominal GDP of a
Q23: If both the real and nominal GDP
Q24: If both the real and nominal GDP
Q25: If the nominal wage of a worker
Q26: If the nominal wage of a worker
Q28: Which one of the following will be
Q29: The alteration between expansions and contractions in
Q30: Which of the following statements is true?
A)
Q31: The real GDP of the country of
Q32: If both the real GDP and nominal
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