The calculation of GDP excludes the value of
A) government expenditure on office supplies.
B) households' purchases of shampoo.
C) businesses' purchase of new machine tools.
D) a family member painting the family home.
E) expenditure on durable goods.
Question 2
A decrease in the demand for beef because of concerns over cholesterol results in
A) lower beef prices.
B) higher beef prices.
C) an increase in the supply of beef.
D) an offsetting increase in the demand for beef if the price of beef falls.
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