GDP does not:
A) consider changes in the distribution of income.
B) include most nonmarket goods.
C) assign value to leisure time.
D) all of the above.
Correct Answer:
Verified
Q2: Value added is the difference between costs
Q3: The implicit price level is:
A)the ratio of
Q4: Personal consumption expenditure includes:
A)services.
B)residential structures.
C)imports.
D)all of the
Q5: GDP is a complete measure of economic
Q6: GDP ignores welfare changes due to environmental
Q8: Personal Consumption expenditure includes:
A)changes in business inventories.
B)nondurables.
C)imports.
D)all
Q9: Real GDP is GDP:
A)in constant dollars.
B)in current
Q10: The difference between GDP and NNP is
Q11: Gross private domestic investment includes
A)durable goods.
B)residential structures.
C)financial
Q12: Net exports of goods and services equals:
A)imports
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