Transfer payments are included under
A) consumption
B) investment
C) government purchases
D) none of the options given
Correct Answer:
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Q16: Cyclical adjustments are used by statisticians to
Q17: Total transfer payments are included in GDP
Q18: Real GDP is the production of goods
Q19: According to the income-expenditure identity, the total
Q20: Nominal GDP always grows faster than real
Q22: The four components of GDP are:
A)consumption, money
Q23: The value of the housing service provided
Q24: Real GDP is:
A)the production of goods and
Q25: Which of the following is not omitted
Q26: Statistics such as GDP, the unemployment rate,
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