Multiple Choice
GDP is defined as the dollar value of __________ in a given year.
A) the total output of the economy
B) all of the inputs used in the economy
C) all intermediate and final goods produced in the economy
D) the total purchases made in the economy
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Nonresidential investment does NOT include<br>A) office chairs.<br>B)
Q15: In 2010,Brazil had a population of roughly
Q16: Which country has a higher GDP per
Q17: Since the 1950s,nonresidential investment has<br>A) changed as
Q18: Government consumption includes all<br>A) salaries paid to
Q20: The salaries paid to government employees are
Q21: According to most estimates,the size of the
Q22: Nondefense government spending peaked in the<br>A) 1990s.<br>B)
Q23: What is macroeconomics?
Q24: Which of the following does not count