Multiple Choice
Which of the following is not considered part of the services category under the expenditure approach to GDP accounting?
A) sporting events
B) haircuts
C) commercial airline transportation
D) privately owned jets
Correct Answer:
Verified
Correct Answer:
Verified
Q24: GDP excludes:<br>A)business purchases of investment goods, such
Q25: The formula for calculating real GDP =
Q26: Why has nominal GDP increased historically more
Q27: Exhibit 11-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 11-1
Q28: National income:<br>A)is a measure of the income
Q30: When you buy a pickup truck to
Q31: GDP is:<br>A)the total value of all consumer
Q32: In 2011, U.S. GDP totaled approximately:<br>A)$2.1 trillion<br>B)$2.8
Q33: Fixed investment includes all of the following
Q34: Which of the following is included in