Multiple Choice
Which of the following would not be included in the measurement of GDP?
A) federal government payments for Jeeps
B) a purchase of California wine by a Canadian firm
C) employers' payments for employees' medical insurance
D) transactions in the underground economy
Correct Answer:
Verified
Correct Answer:
Verified
Q83: Real GDP per capita measures<br>A) GDP less
Q84: Value added is defined as:<br>A) the value
Q85: If a farmer grows crops and keeps
Q86: In each of the following cases, indicate
Q87: The purchases of U.S. products by the
Q89: The value of GDP differs from the
Q90: The components of gross domestic income include:<br>A)
Q91: Government purchases are defined as:<br>A) the sum
Q92: What is a value-added tax (VAT)?<br>A) It
Q93: As households eat out more, purchase more