Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose which of the following statements is correct: Group of answer choices You or your parents received a stimulus check from the U.S. Federal Government

Choose which of the following statements is correct: Group of answer choices You or your parents received a stimulus check from the U.S. Federal Government in 2021. This transaction is not included as part of GDP in 2021 because a stimulus check is a government transfer, not a government purchase. Suppose you bought a subscription to Netflix this year. This purchase is included as part of U.S. GDP because Netflix is a U.S. company that provides a service in the U.S. Suppose you sold your brand-new shoes online via OfferUp since they were the wrong size. This sale will not be included as part of GDP because the sale of your shoes was a resale transaction, which was counted once when you originally bought them. Suppose you took Uber several times this year. Paying the transportation fee is included as part of GDP because an Uber ride is a service provided this year in the U.S. All of the above statements are correct

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

Rediscovering Sustainability Economics Of The Finite Earth

Authors: ARG Heesterman

1st Edition

1317069846, 9781317069843

More Books

Students also viewed these Economics questions

Question

Present main arguments for and against the computer metaphor.

Answered: 1 week ago

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago