Multiple Choice
Which of the following values would be reflected in U.S.GDP for 2006?
A) the rent that John, an American citizen, would have paid on his home in New York in 2006 had he not owned that home
B) the rent that Sarah, an American citizen, paid on her apartment in San Francisco in 2006
C) the value of the legal services provided by Carlos, an attorney and a Mexican citizen, who lived in Houston and practiced law there in 2006
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q145: Macroeconomists study<br>A)decisions of households and firms.<br>B)the interaction
Q146: Expenditures by households on education services are
Q147: For an economy,in a given time period,income
Q149: A recession is always associated with<br>A)declining real
Q151: Transfer payments are<br>A)included in GDP because they
Q152: Table 23-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Table 23-3
Q153: GDP does not make adjustments for leisure
Q155: In the United States in 2004,purchases of
Q168: Unemployment compensation is<br>A)part of GDP because it
Q211: Government purchases include spending on goods and