Multiple Choice
If you make dinner for yourself,
A) the market value of your dinner is added to GDP.
B) your service in preparing the meal is valued at a cook's wage and added to GDP.
C) none of what you bought to prepare for dinner is included in GDP.
D) only the market value of ingredients that you purchased this year is added to GDP.
E) the difference between the cost of the ingredients that you purchased this year and the market value of the dinner is added to GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q168: Last year in Candamica,consumption expenditure was $20
Q169: Which of the following is NOT part
Q170: The underground economy<br>A)is measured by government officials
Q171: The income approach measures GDP by summing<br>A)C
Q172: Net exports of goods and services increase
Q174: If you buy a five-year-old TV from
Q175: Are stocks and bonds considered part of
Q176: The NBER describes a recession as<br>A)"a period
Q177: The business cycle describes<br>A)the change in potential
Q178: The base year is 2012.A country only