Unemployment compensation and other transfer payments that the government makes to individuals are not included in the calculation of GDP because they do not directly generate current output.
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Q1: Gross domestic product is the market value
Q3: When derived by the expenditures approach, GDP
Q4: GDP ignores the underground economy in which
Q5: Real GDP is based on the prices
Q6: The broadest price index to calculate real
Q7: Suppose that from 2008 to 2013, nominal
Q8: Suppose that from 2008 to 2013, nominal
Q9: Suppose that in the year 2007 real
Q10: Suppose that in the year 2011 real
Q11: According to the "rule of 70," if
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