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A transfer payment is a payment: for which no services are rendered by the government. of a debt to a counterparty. for military outlays in

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A transfer payment is a payment: for which no services are rendered by the government. of a debt to a counterparty. for military outlays in a war zone. transferred to a different city by your employer. Question 16 (4 points) Inventories are counted as investment because they: are a source of future sales. have no opportunity cost. are used for future production. are tax deductible. Question 17 (4 points) If the price level and nominal GDP both doubled, then real GDP would: remain unchanged. increase by half. decrease by half. also double

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