Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Which of the following helps economists avoid double counting in computing of GDP? a. Including goods and services produced only within a given area.

image text in transcribed
2. Which of the following helps economists avoid double counting in computing of GDP? a. Including goods and services produced only within a given area. b. Only include transfer payments made by the government and not individuals. c. Only include capital purchases by corporations and not by family-owned firms. d. Avoiding the use of intermediate goods in calculating GDP Which of the following are not included in the consumption component of gross domestic product? a. Purchases of stocks and bonds. b. Consumer durable goods c. Nondurable consumption goods d. Consumer services

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Economics questions