Multiple Choice
Which of the following statements is false?
A) The market value of all nonmarket goods is omitted from GDP.
B) The sale of used goods is omitted from GDP.
C) The market value of a person mowing his or her own lawn is omitted from GDP.
D) If a good is produced but not sold,it is included in GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q78: Purchases of new residential housing are considered
Q79: GDP is computed using base-year dollars.
Q80: In the United States,which is the largest
Q81: In 1820,the country with the highest per
Q82: Underground activities are not counted in GDP
Q84: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q85: Disposable income equals national income minus personal
Q86: The sale of _ goods is omitted
Q87: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q88: The interest income received by U.S.households and