Gross domestic product (GDP) measures and reports output:
A) as an index number.
B) in percentage terms.
C) in dollar amounts.
D) in quantities of physical units (for example, kilos, litres, and bushels) .
Correct Answer:
Verified
Q14: Durable goods are products with expected lives
Q15: In an economy, the value of inventories
Q18: The GDP is the:
A)monetary value of all
Q20: Welfare payments to families with dependent children
Q21: GDP includes:
A)neither intermediate nor final goods.
B)both intermediate
Q22: An example of an intermediate good or
Q23: Value added refers to:
A)any increase in GDP
Q24: National income accountants can avoid multiple counting
Q152: Interest on the public debt is included
Q157: All expenditures on new construction are included
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