Which of the following is included in GDP? a. Welfare payments received b. The cost of a dinner at a restaurant
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GDP is the total monetary value of all final goods and services produced within a country's borders in a specific time period. Show more…
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1. Which of the following is included in GDP? a. government purchases of labor, goods, and services. b. savings. c. government transfer payments.
Narayan H.
a. A consumer purchases a used television. This transaction is included in GDP and is part of consumption expenditure. b. A toy store adds to its stock of inventories. This transaction is included in GDP and is part of investment expenditure. c. A consumer buys a new car. This transaction is included in GDP and is part of consumption expenditure. d. A Canadian corporation pays interest to owners of its bonds. This transaction is not included in GDP as it is a transfer payment. e. A provincial government repaves a highway. This transaction is included in GDP and is part of government expenditure. f. A wealth holder places $5000 in her bank account. This transaction is not included in GDP as it is a financial transaction. g. An unemployed worker receives an employment insurance payment from the government. This transaction is included in GDP and is part of government expenditure. h. A French farmer purchases a Canadian-made piece of farm machinery. This transaction is included in GDP and is part of exports.
Jennifer S.
Identify the choice that best completes the statement or answers the question. 1. Which of the following would be counted in this year's GDP? a. your donation today of $100 to the Red Cross b. the rental payment you made today on a house built last year c. your purchase today of a house built last year d. your purchase of 100 shares of Wal-Mart stock 2. Which of the following would not affect this year's GDP? a. the paint you purchased when painting your house b. the new car your parents purchased and gave to you as a birthday present c. a Gateway computer purchased by the U.S. government d. the value of a used car you purchased, at its sale price 3. You buy 100 shares of IBM stock at $100 per share and pay $150 commission. How much will this transaction add to GDP? a. zero b. $150 c. $10,000 d. $10,150 4. Which of the following would contribute to GDP? a. An American company buys stock in another American company. b. An American company produces goods in Canada. c. A Canadian company buys stock in an American company. d. A Canadian company produces goods in the United States. 5. Which of the following transactions would be included in U.S. GDP but not in GNP? a. An American tourist spends money in Mexico City. b. The U.S. government hires an American economist to evaluate United States/Mexico trade policy. c. A car is produced in Detroit and exported to Mexico. d. A salary is paid to a Canadian engineer employed in the California computer industry.
Crystal W.
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