Multiple Choice
Government purchases in national income accounts would include payments for
A) Social Security checks to retirees.
B) salaries for current U.S. military officers.
C) public assistance for welfare recipients.
D) unemployment benefits.
Correct Answer:
Verified
Correct Answer:
Verified
Q120: If net foreign factor income is zero
Q121: Suppose nominal GDP in year 1 was
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Q123: "Corporate profits" in the national income accounts
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Q126: During the 2007-2009 recession,<br>A) real GO and
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Q128: The value added of a firm is
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Q130: Historically, real GDP has increased less rapidly