Which of the following is included in GDP?
A. Payments received from selling stocks in one's portfolio
B. Cash gifts from relatives during the holidays
C. The cost of a dinner at a restaurant
D. Welfare payments received by some households
Answer: C
You might also like to view...
The amount of payment necessary to attract a given productive resource away from its best alternative use is the
a. resource cost. b. opportunity cost. c. overhead cost. d. variable cost.
When the inflation rate of a country is high over a lengthy time period,
a. the year-to-year variability in the rate of inflation is generally small. b. the year-to-year variability in the rate of inflation is generally large. c. decision makers will be able to forecast future rates of inflation accurately. d. there is no reason to believe that the inflation will exert harmful side effects on real output and the prosperity of the country.
The federal government spends
A. slightly more on defense than on Social Security. B. slightly more on Social Security than on defense. C. about the same on Social Security as on defense.
1 - APC = _________________.
Fill in the blank(s) with the appropriate word(s).