Multiple Choice
The service a homeowner performs when she mows her yard is not included in GDP because
A) this is a nonmarket transaction.
B) this is a nonproduction activity.
C) this is a noninvestment transaction.
D) multiple counting would be involved.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: An economy is enlarging its stock of
Q3: The following are examples of final goods
Q5: The total income earned through the use
Q6: The GDP deflator or price index equals<br>A)gross
Q7: The following are incomes earned but not
Q8: GDP is the<br>A)national income minus all nonincome
Q9: The ZZZ Corporation issued $25 million in
Q10: A nation's capital stock was valued at
Q11: The GDP tends to<br>A)overstate economic welfare because
Q60: Transfer payments are included in<br>A) NI.<br>B) PI.<br>C)