Identify which of the following item(s) would be included in U.S. GDP:
(a) the salary of an American consultant hired by a British firm to go to Europe and analyze their operations there.
(b) the output of a U.S.- owned family farm in Kansas.
(c) food stamp payments.
(d) welfare checks.
(e) the wages of a field worker in Louisiana.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q131: List some limitations of GDP as a
Q132: Recall Application 3, "The Links Between Self-
Q133: Explain the relationship among gross investment, net
Q134: All economic activities are included in the
Q135: Based on the expenditure approach, discuss and
Q137: Suppose you buy a $40,000 BMW from
Q138: If nominal GDP increased during a year,
Q139: GDP is equal to GNP plus depreciation.
Q140: Explain why real GDP is a more
Q141: Depreciation is included in Gross National Product
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents