Which of the following would be included in the expenditures approach to calculating U.S. GDP?
a. Wage and salary payments to U.S. workers
b. Interest paid on borrowed funds
c. Government payments of social security benefits
d. Purchases of new trucks by Federal Express
e. Wage payments to U.S. citizens working outside the U.S.
D
You might also like to view...
The sum of the balances of the three accounts of the balance of payments (the current account, the capital and financial account, and the official settlements account) is
A) positive if there is a balance of trade surplus or negative if there is a balance of trade deficit. B) negative if there is a balance of trade surplus or positive if there is a balance of trade deficit. C) equal to zero. D) positive if there is a balance of trade surplus. E) negative if there is a balance of trade deficit.
Nominal GDP was $12.1 trillion and real GDP is $11 trillion. The GDP price index is ________
A) 90.1 B) 121.0 C) 1.10 D) 91.0 E) 110.0
A firm's revenue from selling its product minus the cost of inputs purchased from other firms is called:
A. production costs. B. profits. C. investment. D. value added.
Which is an example of a good with an elastic supply?
a. beef b. bananas c. lumber d. click-top pens