Multiple Choice
Household production,such as baking bread at home,is not included in GDP because it
A) has better quality than the bread in the store.
B) has lower quality than the bread in the store.
C) does not add anything of value to GDP.
D) does not involve a market transaction.
E) is not really production.
Correct Answer:
Verified
Correct Answer:
Verified
Q125: Suppose GDP is $10 billion,consumption expenditure is
Q126: In order to be classified as a
Q127: Measuring total production by valuing items at
Q128: If both the production of goods and
Q129: Gross Domestic Product is equal to the
Q131: Janet calculated the GDP growth rates for
Q132: Although imperfect,which of the following is used
Q133: In calculating GDP,we must<br>A)add the market value
Q134: Spending on financial assets _ counted as
Q135: Adding wages,interest,rent,and profits yields<br>A)gross domestic product.<br>B)gross domestic