Which of the following is excluded from GDP?
A) gasoline purchased for the family car
B) services performed by municipal law enforcement officials
C) the purchase of cloth by a homemaker to make draperies for the bedroom
D) steel sold to a refrigerator manufacturer
E) goods and services sold to foreigners
Correct Answer:
Verified
Q9: Comparisons of year-to-year changes in the current
Q10: When measuring GDP,we double count if we
Q11: Double counting takes place if GDP includes
A)
Q12: Productive activities typically excluded from GDP include
A)
Q13: To correct for changes in the price
Q15: A case of wine costs $10 to
Q16: Gross domestic product is a measure of
Q17: U.S.gross domestic product measured in current dollars
Q18: Gross domestic product is
A) a measure of
Q19: Transfer payments are payments
A) by individuals of
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