Which of the following types of government spending is included in the calculation of GDP?
A) Federal spending only.
B) Federal,state,and local government spending for any purpose.
C) Federal,state,and local government spending on goods and services only.
D) Federal, state, and local spending on transfer payments only.
Correct Answer:
Verified
Q60: If real GDP in 2005 is $8,000
Q61: Exports are
A)Goods and services sold to foreigners.
B)Not
Q62: If for a given year gross investment
Q63: If depreciation is smaller than gross investment,
A)Net
Q64: If depreciation exceeds gross investment,
A)Net investment exceeds
Q67: A nation's production possibilities curve should,ceteris paribus,shift
A)Inward
Q68: An economy's production possibilities are most likely
Q69: A nation's capital stock will decline,ceteris paribus,for
Q70: Which of the following is investment,according to
Q80: The economic definition of investment includes all
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