Answer: D. All of the choices are excluded from GDP.
Which of the following are excluded from GDP?
A. changes in the value of existing assets
B. financial transactions
C. sales of used goods
D. All of the choices are excluded from GDP.
Economics
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The above figure shows the demand and cost curves for a monopolist. What is the maximum economic profit this firm can make?
A) zero B) $400 C) $100 D) $200
Economics
Which of the following is a government expenditure, but is not a government purchase?
A) The federal government pays out an unemployment insurance claim. B) The federal government buys a Humvee. C) The federal government pays the salary of an FBI agent. D) The Federal government pays to support research on AIDS.
Economics
A reaction function is
A) companies colluding in order to make higher than competitive rates of return. B) the manner in which one oligopolist reacts to a change in price made by another oligopolist in the industry. C) a game in which firms will not negotiate in any way. D) when plans made by firms are known as game strategies.
Economics
If the price of inputs falls and the level of consumer indebtedness rises:
a. Price index falls, and the change in real GDP is uncertain. b. The change in price index is uncertain, and real GDP rises. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. Price index falls, and real GDP falls.
Economics