The total dollar value of purchases in the economy is far larger than GDP primarily because:
A) GDP ignores taxes.
B) GDP excludes the value of intermediate goods exchanged.
C) GDP excludes the output from foreigners working in America.
D) GDP ignores production in the home
Correct Answer:
Verified
Q120: Suppose that nominal GDP did not change
Q121: The GDP deflator:
A)takes government purchases into account,
Q122: GDP excludes:
A)business purchases of investment goods, such
Q123: If nominal GDP rises:
A)we can be sure
Q124: If Jim pays $1000 to John:
A)GDP will
Q126: If country A had a smaller underground
Q127: Would it be possible for an increase
Q128: If nominal GDP rises from $5 billion
Q129: The main difference between GDP and GNP
Q130: Which of the following is true?
A)Real GDP
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