The payment of welfare benefits by the government:
A) increases the value of GDP.
B) reduces the value of GDP.
C) is not included in the calculation of GDP.
D) is only included in the calculation of GDP if it is for unemployment benefits.
Correct Answer:
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Q1: Gross domestic product includes:
A) all goods and
Q3: Gross domestic product (GDP) is officially measured
Q4: Which of the following expenditures would not
Q6: GDP:
A) is the dollar value of all
Q6: Gross national product is also known as:
A)
Q7: GDP counts only:
A) all goods and services
Q8: Which of the following expenditures would be
Q9: Gross domestic product includes:
A) intermediate as well
Q10: Suppose a miller sells flour to a
Q11: Which of the following are not included
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