Question 2 Not yet answered Points out of 1.00 P Flag question Real GDP is a more accurate measure of an economy's production than nominal GDP because Select one: OA Real GDP includes the value of exports, but nominal GDP does not B. Real GDP does not include the value of intermediate goods and services, but nominal GDP does OC Real GDP measures the value of the goods and services an economy produces and eliminates the effects of changing prices. Nominal GDP does not control for changing prices. OD. Real GDP is not influenced by price changes, but nominal GDP is Question 3 Not yet answered Points out of 1.00 P Flag question Scenario This question tests your knowledge of what activities are included in calculating GDP. Decide for each item whether it is part of GDP and, If so, to which expenditure category it belongs. Purchase of 100 shares of General Motors stock Select one: OA Not counted in GDP OB. Counted as part of consumption OC Counted as part of investment OD. Counted as part of government OE. Counted as part of net exports Question 4 Not yet answered Points out of 1.00 P Flag question Purchase of electricity by a family owned business is (refer to the scenario above) Select one: A Not counted in GDP OB. Counted as part of consumption OC Counted as part of investment OD. Counted as part of government OE. Counted as part of net exports Question 5 Not yet answered Points out of 1.00 P Flag question Purchase of leather by a shoe manufacturer is. (refer to the scenario above) Select one: OA Not counted in GDP OB. Counted as part of consumption OC Counted as part of investment OD. Counted as part of government OE. Counted as part of net exports