Which of the following is included in GDP?
A) The value of "free" household services provided by at-home spouses rather than a paid cook, maid, and baby sitter.
B) The value of unpaid-for volunteer time.
C) The unpaid-for services provided by the natural environment, such as breathable air.
D) Net exports: (value of exports − value of imports) .
Correct Answer:
Verified
Q2: Payments to households not in exchange for
Q11: Which of the following best describes gross
Q12: Gross domestic product is officially measured by
Q12: Gross domestic product (GDP) includes:
A) intermediate as
Q14: The GDP of a country can be
Q15: Gross domestic product is the sum of
Q17: Which of the following expenditures would be
Q19: Gross domestic product is equal to the
Q20: GDP measures the economy's production of:
A) final
Q21: The three components of personal consumption expenditures
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents