Multiple Choice
After the terrorist attacks on September 11,2001,governments within the United States raised expenditures to increase security at airports.These purchases of goods and services are
A) not included in GDP since they do not represent production.
B) not included in GDP since the government will have to raise taxes to pay for them.
C) included in GDP since government expenditures are included in GDP.
D) included in GDP only to the extent that the federal government, rather than state or local governments, paid for them.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: In the equation Y = C +
Q94: The GDP deflator is the ratio of<br>A)real
Q176: Ralph pays someone to mow his lawn,while
Q200: In computing GDP,market prices are used to
Q201: Consider two items that might be included
Q202: For an economy as a whole,<br>A)wages must
Q204: In 2004 in the U.S.,the four components
Q205: Real GDP is the production of final
Q207: Because every transaction has a buyer and
Q306: Grapes are<br>A) always counted as an intermediate