Since GDP includes only the additions to income, not transfers of assets, are not included in the computation of GDP.
A) final goods used
B) goods consumption
C) goods
D) goods produced for inventory
Correct Answer:
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Q1: The economic statistic used to measure the
Q3: GDP is the market value of all
Q5: To compute the value of GDP:
A) goods
Q8: An economy's equals its .
A)consumption; income
B)consumption; expenditure
Q9: All of the following are measures of
Q9: It is a national income accounting rule
Q10: Two equivalent ways to view GDP are
Q12: In the circular flow model, the flow
Q15: The total income of everyone in the
Q18: Assume that total output consists of 4
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