Answer the question on the basis of the following data.All figures are in billions of dollars.
Refer to the data.NDP is:
A) $370.
B) $402.
C) $392.
D) $467.
Correct Answer:
Verified
Q23: Transfer payments are
A)excluded when calculating GDP because
Q44: In calculating GDP, governmental transfer payments, such
Q44: Suppose that inventories were $80 billion in
Q45: In calculating the GDP,national income accountants:
A) treat
Q48: Suppose that GDP was $200 billion in
Q52: Suppose that inventories were $40 billion in
Q53: If the economy adds to its inventory
Q57: Government purchases include government spending on
A) government
Q59: In the treatment of U.S. exports and
Q60: The smallest component of aggregate spending in
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