Multiple Choice
Which of the following would not be included in GDP as a form of consumption spending?
A) Ann takes Tim out to a restaurant for dinner.
B) Ann and Tim buy a microwave oven.
C) Ann and Tim buy vegetables to prepare soup at home.
D) Ann prepares Tim's income tax return.
E) Tim buys Ann flowers.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Which of the following would directly reduce
Q17: Value added is<br>A)the sum of all income
Q18: The CPI overstates the true inflation rate
Q19: If Bureau of Labor Statistics data collectors
Q20: Which of the following is a leakage
Q22: If the GDP price index rises from
Q24: Recent estimates of the size of the
Q25: Which of the actions below will not
Q26: Real GDP is measured in<br>A)current-year prices<br>B)base-year prices<br>C)nominal
Q205: U.S. imports are<br>A) not added to U.S.