Multiple Choice
GDP does not directly include:
A) the value of final goods and services produced, but not sold, during a period.
B) the value of services rendered during a period.
C) the value of intermediate goods sold during a period.
D) any of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q110: The expenditure approach to GDP accounting includes:<br>A)consumption.<br>B)investment.<br>C)net
Q111: The largest component of consumption expenditures is:<br>A)durables.<br>B)nondurables.<br>C)services.<br>D)residential
Q112: The flour used in the pizza you
Q113: Included in the investment category of GDP
Q114: What is the measure of the income
Q116: Intermediate products:<br>A)produced domestically are not directly reflected
Q117: Adam's Ribs in downtown Chicago buys $10,000
Q118: Real GDP per capita increases if the
Q119: The largest single expenditure component of GDP
Q120: The purchase of a new scanner by