In GDP accounting, Social Security payments are:
A. not counted as part of government purchases and GDP.
B. are counted in government purchases, but not counted in GDP.
C. are not counted in government purchases, but counted in GDP.
D. are counted both in government purchases and in the GDP.
Answer: A
You might also like to view...
Specialization of productive activity between men and women might explain why
A) a married woman earns less than a married man. B) a never-married man earns more than a never-married woman. C) a never-married man earns the same as a married man. D) None of the above answers is correct.
Supplier power tends to be higher when
a. Suppliers are concentrated b. There are high costs to switching between suppliers c. Both A&B d. None of the above
Average variable cost is
a. total cost minus fixed cost b. total variable cost divided by the quantity of output c. total cost plus marginal cost d. total cost per unit of output e. output divided by the quantity of inputs used
The Fed would use a reverse repo when they:
A. forecast a permanent increase in the demand for monetary base. B. forecast a permanent decrease in the demand for monetary base. C. want to temporarily increase the monetary base. D. want to temporarily decrease the monetary base.