Educational services provided by public schools are
A) included in GDP at market prices.
B) excluded from GDP because they are not sold in markets.
C) excluded from GDP because they are intermediate goods.
D) excluded from GDP because they are publicly provided.
E) included in GDP at cost.
Correct Answer:
Verified
Q1: If an automobile manufacturer pays $200 for
Q2: Factories and machines are examples of
A) consumption
Q4: Intermediate goods and services are _ production
Q5: Long-lived goods used for producing other goods
Q6: Capital goods are
A) long-lived goods used for
Q7: _ is/are the market value of final
Q8: Suppose that the total production of an
Q9: Gross domestic product (GDP)equals the _ of
Q10: If Bountiful Orchard grows $100,000 worth of
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