Refer to the accompanying data (all ?gures in billions of dollars) . GDP is
A) $390.
B) $417.
C) $422.
D) $492.
Correct Answer:
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Q36: In national income accounting, the personal consumption
Q37: When an economy's production capacity is expanding,
A)
Q38: The concept of net domestic investment refers
Q39: If depreciation (consumption of fixed capital) exceeds
Q40: Net exports are
A) that portion of consumption
Q42: Suppose that GDP was $200 billion in
Q43: Transfer payments are
A) excluded when calculating GDP
Q44: In calculating GDP, governmental transfer payments, such
Q45: Suppose that inventories were $40 billion in
Q46: The value of U.S. imports is
A) added
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