On the other hand, goods and services produced and sold by foreigners within our domestic borders are counted in the GDP. Correct answer - (a) a) This is the correct answer. The wood that is used to produce the frame, the brick that's sometimes on the outside of the home, as well as the tile or carpeting that's probably installed inside the home - these are all examples of intermediate goods. Which of the following is not included in GDP? Let's talk about what's not included in the GDP and then look at some examples. 15. b) This is not the correct answer. (a) The probability that the student gets exactly three correct answers (b) The probability that the student gets at most three correct answers (c) The probability that the student gets four or more correct answers. Macro Final Flashcards | Quizlet Let's say that you're a retailer that sells women's clothing. Which of the following is not included in GDP? B)explanations of measuring bases used. 0000007851 00000 n b. purchases of goods by households. In what way is a college degree a form of capital? 0000000934 00000 n D 8. [Solved] Which of the following is not included in GDP a carrots grown c. depositing money at a bank. ANSWER:a 7. Money continuously flows from households to firms and then back to households, and GDP measures this flow of money. Question 2. Money continuously flows from households to firms and then back to households, and GDP measures this flow of money. The total sales of all firms in the economy for a year, 14. When Jennifer purchases a lawnmower from her father, or Megan resells a book she received from her father, these transactions are not counted in the GDP. So here is a list of things that are not included: Let's say that Kelly, an economist-turned-opera singer, has been invited to sing in the United Kingdom. c) Demand-deficient unemployment. 0000087674 00000 n Course Hero is not sponsored or endorsed by any college or university. G = total government expenditures, including salaries of government employees, road construction/repair, public schools .

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