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Author Question: Which of the following is included as government purchases in gross domestic product (GDP)? a. ... (Read 18 times)

nmorano1

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on: Jun 30, 2018
Which of the following is included as government purchases in gross domestic product (GDP)?
 a. Social Security payments to elderly citizens
 b. Welfare benefits distributed to the poor
 c. Outright grants from government to recipients
 d. Payments to clerical workers hired by government
  e. Unemployment compensation benefits

Question 2

If a union is able to successfully lobby Congress to limit imports of rival products, and thus to raise the demand (and thus price) for the goods or services they make, then which of the following best describes the outcome?
 a. The supply of labor will increase.
 b. The demand for labor will increase.
  c. The supply of labor will decrease.
  d. The demand for labor will decrease.


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elizabethrperez

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


nmorano1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bigsis44

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

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