To avoid double counting in the calculation of GDP,
a. net exports should be excluded.
b. the value of intermediate goods and services should be excluded.
c. the capital consumption allowance should be excluded.
d. business investment should be excluded.
e. government purchases should be excluded.
b
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If the demand for money increases, but the Fed keeps the money supply the same:
a. nominal interest rates will rise and aggregate demand will fall. b. nominal interest rates will rise and aggregate demand will rise. c. nominal interest rates will fall and aggregate demand will fall. d. nominal interest rates will fall and aggregate demand will rise.
C + net I + G + X equals
A. GDP. B. PI. C. DPI. D. NDP.
Monitoring is often used by firms in an attempt to decrease
A) shirking. B) piece rates. C) adverse selection. D) signaling.
Mary says she plans to return to college next semester assuming her car keeps running, tuition fees don't go up, and her daycare provider continues to be dependable. An economist would say that Mary plans to return to college next semester
A) caveat emptor. B) ceteris paribus. C) laissez faire. D) ipso facto.