Multiple Choice
The total dollar value of purchases in the economy is far larger than GDP primarily because:
A) GDP ignores taxes.
B) GDP excludes the value of intermediate goods exchanged.
C) GDP excludes the output from foreigners working in America.
D) GDP ignores production in the home
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Net exports are a _ proportion of
Q4: Which of the following factors that affect
Q5: Which of the following is included in
Q6: Net exports are defined as:<br>A)exports plus imports.<br>B)exports
Q7: The dollar value of stocks and bonds
Q9: In the national income accounts, investment includes:<br>A)expenditures
Q10: Which of the following is a problem
Q11: Which of the following would not be
Q12: If real GDP increased by 2% and
Q13: A price index can fall from one