Professor Shields grows tomatoes in her garden for her family and friends.This activity is:
A) excluded from GDP because it is not a productive activity
B) excluded from GDP to avoid double counting
C) excluded from GDP because an intermediate product is involved
D) included in GDP because it reflects production
E) excluded from GDP because no money changes hands
Correct Answer:
Verified
Q19: If depreciation exceeds gross investment,it can be
Q20: GDP can be calculated by adding:
A)consumption, gross
Q21: In the treatment of Canadian exports and
Q22: GDP tends to:
A)overstate economic well-being, because it
Q23: Gross investment refers to:
A)depreciation minus net investment
B)net
Q25: The amount of after-tax income received by
Q26: In 2010,the two countries with the top
Q27: The growth of GDP may understate economic
Q28: If,in a given year,gross investment was $120
Q29: The value of Canadian imports is:
A)added to
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