GDP excludes:
A) business purchases of investment goods, such as factories.
B) government purchases of military equipment.
C) the building of a new apartment complex.
D) none of the above.
Correct Answer:
Verified
Q117: Which of the following is true?
A)Purchases of
Q118: Which of the following is included in
Q119: U.S. nominal GDP:
A)has historically increased more slowly
Q120: Suppose that nominal GDP did not change
Q121: The GDP deflator:
A)takes government purchases into account,
Q123: If nominal GDP rises:
A)we can be sure
Q124: If Jim pays $1000 to John:
A)GDP will
Q125: The total dollar value of purchases in
Q126: If country A had a smaller underground
Q127: Would it be possible for an increase
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