Which of the following governmental expenditures are not included in gross domestic product?
a. The construction of federal buildings
b. Social Security payments
c. Salaries for senators
d. Purchases of new defense weapons
B
You might also like to view...
The legislation that made all depository institutions regardless of Federal Reserve membership subject to the reserve requirements established by the Fed is called the:
A) Glass-Steagall Act. B) McFadden Act. C) Monetary Control Act of 1980. D) none of the above
Which of the following is true about location rents? a. They are illegal in many inner-city locations. b. They are found by taking the shaded area below the transport cost curve. c. They arise from differential costs in transporting food to the marketplace. d. They arise when the MRP is lower than the cost of transporting food to the marketplace
e. They would not exist if all land were of similar quality.
In the situation of hyperinflation in a modern economy, people can switch to _____
a. fiat money b. near money c. fiduciary money d. commodity money
Public policy, without intending to do so, can increase frictional unemployment
a. True b. False Indicate whether the statement is true or false