Which of the following would not be included in the calculation of GDP?
A) Income earned by an attorney.
B) Income earned by a CPA.
C) Contract work performed by an electrician.
D) Tips earned by a bartender who does not report them to the IRS.
Correct Answer:
Verified
Q22: The sum of value added
A)Measures the intangible
Q23: Which of the following is directly included
Q24: Real GDP is used most effectively to
A)Measure
Q25: Suppose the total market value of all
Q26: Real GDP is the
A)Value of output produced,including
Q28: Which of the following is not a
Q29: Value added is the
A)Addition to GDP because
Q30: A computer manufacturer sells laptops to retail
Q31: Real GDP is more accurate than nominal
Q32: If one added up the value of
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