Multiple Choice
Which of these would NOT be included in the GDP accounts?
A) value of time spent learning how to prepare your personal income tax return
B) value of time spent by a mechanic changing the battery of a customer's car
C) payment to a certified nursing assistant for caring for an aged relative in her home
D) value of winnings from gambling that you report on your tax return
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Whose analysis serves as the foundation of
Q41: Suppose the National Bureau of Economic Research
Q42: In the formula for GDP (GDP =
Q43: Which of these is an example of
Q44: Which transaction would NOT be included in
Q46: Macroeconomics studies economic activity from the level
Q47: U.S. business cycles since 1950 have shown<br>A)
Q48: The four main categories of spending included
Q49: Social Security payments are included in the
Q50: The largest component of national income is<br>A)