In calculating GDP, governmental transfer payments, such as Social Security or unemployment compensation, are ________.
A. counted as investment spending.
B. counted as consumption spending.
C. counted as government spending.
D. not counted.
Answer: D
You might also like to view...
If AVC=$5 and AFC=15, then ATC=
a. $10 b. $5 c. $15 d. $20
In 2013, new bond issues and other forms of debt totaled ____ in corporate financing
a. $650 billion b. $783 tillion c. $1 trillion d. ?$2 billion
Most economists believe that technology ______.
a. drives productivity and growth b. increases natural resources c. hinders physical capital d. limits free markets
The main disagreement among economists about the Laffer curve is about whether
A. increases in taxes will decrease GDP. B. the effect of tax decreases on GDP will be so big as to raise government revenues when taxes are cut. C. cutting marginal tax rates will increase the incentive to work. D. the government will collect maximum tax revenue at a 50% tax rate.