Multiple Choice
The value of leisure time is
A) excluded from GDP.
B) directly included in GDP but,in recent years,has become a decreasing large part of GDP.
C) directly included in GDP and,in recent years,has not changed much as a fraction of GDP.
D) zero.
E) included in GDP and,in recent years,has become an increasing large part of GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: If we use GDP to measure our
Q37: Consumption expenditure includes spending<br>A) on office supplies
Q44: Kelly's Surf Shop orders 5,000 new surfboards
Q74: Investment is defined as the purchase of<br>A)financial
Q75: The income approach values goods and services
Q76: In 2013,the United Nations Human Development Index
Q78: Suppose that business firms spend $500 million
Q81: Real GDP is the value of final
Q83: When calculating GDP,purchases of used goods are<br>A)not
Q84: Net exports of goods and services increase