Which of the following will be excluded from the measurement of gross domestic product (GDP)?
a. The market value of automobiles purchased by the federal government
b. The market value of California wine purchased by a Canadian firm
c. The payment of employees' medical insurance
d. The market value of computers purchased by state governments
e. The market value of transactions in the underground economy
e
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Bank accounts and bonds are examples of money-fixed assets.
Answer the following statement true (T) or false (F)
Refer to the table above. If each country were to reduce production of its comparative disadvantage good by 1 unit, world output of wine would rise by
A) 1.5 units. B) 2 units. C) 3 units. D) 3.5 units.
The interest rate on unsecured loans between banks is called the
A) discount rate. B) repurchase rate. C) T-bill rate. D) federal funds rate.
The main duty of the Environmental Protection Agency is to monitor a government-enforced system of property rights
a. True b. False Indicate whether the statement is true or false