Net Investment = Find out how you can intelligently organize your Flashcards.Cram has partnered with the National Tutoring Association The U.S., China, Japan Following national income accounting practices, this auto would be counted as part of: We need you to answer this question! True.
Expenditures undertaken to correct pollution The service a homeowner performs when she mows her yard is not included in GDP because: In an economy, the total expenditures for a market basket of goods in year 1 (the base year) was $5,000 billion. Welfare payments received by some households. Fees received by stockbrokers
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Only final goods and services should be counted GDP in an economy is $11,050 billion. The auto was then sold to Sharon Smith for personal use in February of 2010. Which of the following is included in GDP? Transfer payments Cash gifts from relatives during the holidays. Domestically produced as well as imported goods and services A fishing-company owner buys new fishing gear The general price level has increased Fees received by stockbrokers C. Cash gifts from relatives during the holidays D. Payments received from selling stocks in one's portfolio. Prices of the output produced in the nation GDP is: True
Which of the following is included in GDP? U.S. GDP in 2012 was about:
If gross investment is positive, it means that firm (or the economy) is must be expanding. The value added in an industry includes the wages earned by workers in the industry. True. Nominal GDP To avoid multiple counting in national income accounts: In the reservoir analogy of stock and flow for the economy:
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