Government-produced goods are added to GDP at
A. their market value.
B. the value they have to their users.
C. the value of the inputs used to produce them.
D. the value Congress places on them.
Answer: C
You might also like to view...
Holding all else constant, an increase in the preferences of Americans for Mexican goods will ________ the supply of dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. decrease; decrease B. decrease; increase C. increase; increase D. increase; decrease
The supply chain has change very little over the past 50 years
Indicate whether the statement is true or false
Since the value of the multiplier is always at least 1, which of the following is correct?
a. The size of the vertical shift in the aggregate expenditure line is always equal to the change in GDP b. The size of the vertical shift in the aggregate expenditure line is always less than the change in GDP c. The size of the vertical shift in the aggregate expenditure line is always greater than the change in GDP d. The size of the vertical shift in the aggregate expenditure line is always equal to or smaller than the change in GDP e. The MPC is always bigger than 1
At the national level, a Board of____________ runs the Federal Reserve.
a. Representatives b. Presidents c. Governors d. Banks