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Hello I need help with the following questions: Question 1: . In the expenditure approach to GDP, which of the following would be excluded m
Hello I need help with the following questions:
Question 1:
. In the expenditure approach to GDP, which of the following would be excluded m measurements of GDP? ) a. government payments for the services provided by state employees ) b. government payments for goods produced by foreign rms ) c. government payments for welfare > d. all government payments are included in GDP 1. In a complete model of an economy, the income-expenditure identity says that a. Y = C+S +T b. Y = C+I +G+X -M c. Y = C +S+T d. Y = C +S+G+X -MWith a proportional tax rate of 20% and MPC = .80, the spending multiplier is )a.1.56 )b.5 )c.4 ) d. 2.78Step by Step Solution
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