The gross domestic product (GDP) excludes:
a. the increase in inventories during a given period
b. the expenditures by government for newly produced goods and services during a given period.
c. the value of intermediate goods produced in an economy during a given period.
d. the value of final output during a given period.
e. household expenditure on durable goods.
c
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A government policy that taxes saving in order to discourage saving and encourage spending will
A) slow economic growth. B) speed economic growth. C) create a greater incentive for people to specialize. D) strengthen people's property rights. E) increase the growth rate of capital.
What is seasonal unemployment? Give an example of unemployment that recur during certain times on the calendar. year
What will be an ideal response?
Define a budget set. Is it the same as a budget constraint?
What will be an ideal response?
What is called for with heterodox stabilization policies?
What will be an ideal response?