Government expenditures for Social Security and unemployment insurance are, for GDP accounting purposes, considered:
A) transfers, and are included in government spending as part of GDP.
B) transfers, and are not included in government spending as part of GDP.
C) purchases, and are included in government spending as part of GDP.
D) purchases, and are not included in government spending as part of GDP.
Correct Answer:
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Q55: The reason economists include only the value
Q56: Value added is calculated by:
A)subtracting the cost
Q57: Double counting in the national income accounts
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Q59: Double counting in the national income accounts
Q61: While net domestic product (NDP)is theoretically a
Q62: Depreciation:
A)estimates the decrease in value of capital
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A)consumption + investment +
Q64: GDP is $7 trillion. If consumption is
Q65: Refer to the table shown.
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