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Author Question: Which of the following expenditures would be included when we measure GDP? A) Expenditures on ... (Read 81 times)

mpobi80

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on: Jun 29, 2018
Which of the following expenditures would be included when we measure GDP?
 
  A) Expenditures on illegal drugs
  B) Expenditures on illegal weapons
  C) Expenditures on medical services associated with drugs and crime
  D) All of the above.
  E) None of the above.

Question 2

The services produced by spouses who cook, clean, and otherwise maintain homes are not counted in the gross domestic product because
 
  A) services are not tangible goods.
  B) there is no accepted and reliable way to measure their value.
  C) they do not add to the wealth of the nation.
  D) this would entail double-counting, since such spouses usually receive free room and board.
  E) while they are useful services, they do not represent productive labor.


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Athena23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


mpobi80

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

apple

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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