Social Security payments to U.S.citizens are called
A) transfer payments and are included in GDP.
B) transfer payments and are not included in GDP.
C) income and are included in GDP.
D) income and are not included in GDP.
Correct Answer:
Verified
Q42: A trade deficit occurs when
A)imports are less
Q43: GDP is defined as the
A)total value of
Q44: The purchases of U.S.products by citizens of
Q46: If exports are less than imports,
A)net imports
Q48: Value added is defined as
A)the value of
Q49: A nation records a trade surplus when
A)net
Q50: Which of the following is an example
Q52: The largest expenditure category in GDP is
A)government
Q54: A country's exports minus its imports measures:
A)
Q57: Goods and services produced abroad and sold
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