Multiple Choice
Which of the following would NOT be included in the GDP accounts?
A) the value of time spent learning how to prepare your personal income tax return
B) the value of the time a mechanic spends changing the battery of a customer's car
C) the payment to a certified nursing assistant for caring for an aged relative in her home
D) the value of the gambling winnings that you declare on your tax return
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Compensation of employees in the income approach
Q52: Sheila charges $100 to proof term papers
Q60: If a wooden toy costs $15 to
Q90: Suppose the yield on a three-month Treasury
Q94: Gross domestic product measures the output produced
Q95: Net exports equal:<br>A) all of the goods
Q112: In the income approach to calculating GDP,
Q224: Business cycles<br>A) are always the same duration.<br>B)
Q271: A sheep ranch produces $30 worth of
Q298: Gross private domestic investment is a key