Multiple Choice
A government purchases that are counted as part of GDP can be less than the government's total budget because:
A) government purchases are not counted as part of GDP.
B) taxes are not counted as part of GDP.
C) transfer payments are not counted as part of GDP.
D) only the budget surplus or deficit is counted as part of GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: If an economy produces 100 pencils valued
Q34: If depreciation is zero, then net domestic
Q39: The genuine progress indicator provides a measure
Q121: If the price of housing (which accounts
Q124: If a firm sold $700 worth of
Q146: Payments for the use of land and
Q151: The difference between gross domestic product (GDP)and
Q180: Which of the following provides the closest
Q185: If substantially more foreign money is invested
Q203: Real GDP is calculated by:<br>A)multiplying nominal GDP