Multiple Choice
Which of the following items is excluded from GDP?
A) services a barber performs in cutting hair
B) production and sale of hair-cutting equipment
C) services a barber performs in repairing his own hair-cutting equipment
D) the construction of a new barbershop
Correct Answer:

Verified
Correct Answer:
Verified
Q258: The value of total output and total
Q259: An increase in fixed investment spending that
Q260: Is looking at changes in gross domestic
Q261: Explain how disposable personal income is derived
Q262: The difference between personal income and disposable
Q264: A firm produces a good and generates
Q265: Gross domestic product is a measure of<br>A)
Q266: Non-income expense items included in the Gross
Q267: When economists refer to investment expenditures they
Q268: The computation of GDP by adding up