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Author Question: Which of the following is NOT part of GDP calculated using the expenditure approach? A) General ... (Read 31 times)

crazycityslicker

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  • Posts: 537
on: Jun 29, 2018
Which of the following is NOT part of GDP calculated using the expenditure approach?
 
  A) General Motors' purchases of new capital equipment
  B) expenditures by the federal government for national defense
  C) Social Security payments made to the elderly
  D) the purchase of new homes by consumers

Question 2

The law of demand for dollars in the foreign exchange market means that the
 
  A) lower the exchange rate, the greater the quantity of dollars demanded.
  B) higher the exchange rate, the smaller the quantity of dollars demanded.
  C) lower the exchange rate, the smaller the quantity of U.S. exports demanded.
  D) Both answers A and B are correct.


vish98

  • Sr. Member
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  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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