Multiple Choice
Suppose that the government collects $3 million in taxes, pays $2 million in Employment Insurance benefits, pays $0.5 million in interest on the national debt, and pays workers $1 million
To sit at their desks and work as little as possible. The government's contribution to GDP is
A) $3 million.
B) $0.
C) $3.5 million.
D) $1 million.
E) $1.5 million.
Correct Answer:

Verified
Correct Answer:
Verified
Q46: The expenditure approach to calculating GDP includes<br>A)all
Q47: Intermediate goods are<br>A)not a consumption good.<br>B)purchased by
Q48: The components of investment expenditures include<br>A)investment in
Q49: The income-expenditure identity is best paraphrased as<br>A)all
Q50: Gross domestic product is defined as<br>A)the value
Q52: Inventory investment consists of<br>A)goods in process, raw
Q53: the three approaches to measuring GDP are
Q54: Problems with interpreting the unemployment rate as
Q55: Suppose that in a given country in
Q56: GDP may inaccurately measure the value of