In the expenditure approach to GDP,which of the following would be excluded from measurements of GDP?
A) government payments for goods produced by foreign firms
B) government payments for goods produced by firms owned by state or local governments
C) government payments for welfare
D) All government payments are included in GDP.
Correct Answer:
Verified
Q34: The government budget surplus equals
A)government purchases plus
Q35: Private disposable income equals
A)GNP - taxes +
Q36: If a Canadian construction company built a
Q37: In using the expenditure approach to GNP,consumption
Q38: Nations such as Egypt and Turkey have
Q40: Net national income is equal to
A)GDP minus
Q41: Measuring GDP in nominal terms
A)is the most
Q42: On January 1,2001,the GDP deflator for Old
Q43: If real GDP falls by 1 percent,but
Q44: A variable-weight price index
A)equals the value of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents