Multiple Choice
Which of the following items would be included in the calculation of GDP?
A) The value of a car produced this year within the country.
B) Purchase of a used car.
C) The value of environmental degradation.
D) Sale of Gulf War military surplus.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Net national product is:<br>A) NDP minus depreciation.<br>B)
Q17: Net domestic product (NDP) is equal to
Q18: Which of the following expenditures would be
Q19: The circular flow model shows the flow
Q20: Narrbegin Exhibit 11.3 GDP data (billions
Q22: Current account deficits:<br>A) also result in a
Q23: A country's current account balance is:<br>A) the
Q24: Actual measured saving and measured investment are
Q25: In the factor market, firms demand:<br>A) wages,
Q26: GDP figures tend to understate the quantity