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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 25
The U.S. government gives income support to many families living in poverty. How does each of the following aspects of this policy contribute to GDP?
a. Does this government's expenditure on income support count as part of GDP? If so, in which category of expenditure does it fall?
b. When the families buy groceries with the money they've received, does this expenditure count as part of GDP? If so, in which category does it fall?
c. If the families buy new houses with the money they've received, does this count as part of GDP? If so, in which category does it fall?
a. Does this government's expenditure on income support count as part of GDP? If so, in which category of expenditure does it fall?
b. When the families buy groceries with the money they've received, does this expenditure count as part of GDP? If so, in which category does it fall?
c. If the families buy new houses with the money they've received, does this count as part of GDP? If so, in which category does it fall?
Explanation
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a.The government purchase is the expendi...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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