Multiple Choice
If we compare the U.S. GDP and the Chinese GDP
A) real GDP per person is about the same in the two countries.
B) U.S. real GDP per person is less than China's real GDP per person once we adjust for currency differences.
C) China's real GDP per person is less than real GDP per person in the United States.
D) real U.S. GDP per person was much larger than China's real GDP per person when purchasing power parity prices are used but is less than China's real GDP per person when exchange rate prices are used.
Correct Answer:

Verified
Correct Answer:
Verified
Q129: Transfer payments are not included in GDP
Q130: According to the BEA, in the second
Q131: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q132: Gross domestic product<br>A) includes all the goods
Q133: Why are only final goods and services
Q135: How do firms and households interact within
Q136: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Using the data
Q137: Explain the relationship between potential GDP and
Q138: To calculate GDP using the expenditure approach,
Q139: On January 1, 2017, United Delivery had