Which of the following would NOT be included in total final product (GDP) ?
A) welfare payments
B) a used office building purchased by a high-tech firm
C) semiconductors that are bought by a firm in Hong Kong
D) Both A and B.
Correct Answer:
Verified
Q3: Job openings are plentiful when the
A)actual real
Q5: Assume a simple economy without a government
Q6: GDP can be measured by the
A)total value
Q14: The circular flow of income describes the
A)flow
Q15: Which of the following government outlays would
Q20: Changes in business inventories
A)are included in gross
Q25: The value of steel sold to an
Q34: By definition,when the economy is in equilibrium
Q35: Suppose that steel produced this year is
Q66: Suppose that nominal GDP were $1200 billion
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