Which of the following would not be included in the government consumption expenditures and gross investment (G) category of GDP?
A. The payments made to Social Security recipients.
B. The expenditures made to repair a highway.
C. The spending for professors at state universities.
D. The purchase of new china for White House functions.
Answer: A
You might also like to view...
The fallacy of composition is the incorrect view that
a. decisions are always made at the margin. b. incentives matter only to those who behave selfishly. c. if something is true for an individual, then it must also be true for the group. d. the value of a good can be objectively measured by its cost of production.
Long-run aggregate supply will decrease for...
What will be an ideal response?
If a nation’s productivity grows by 3% rather than 1.5% over many years, what will be the difference in the nation’s standard of living? Explain
Please provide the best answer for the statement.
Total product divided by the variable input is
A. average total cost. B. average product. C. marginal cost. D. marginal product.