Author Question: Which of the following is added to arrive at GDP? a. The value of free household services provided ... (Read 54 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
Which of the following is added to arrive at GDP?
 a. The value of free household services provided by at home spouses rather than a paid cook, housekeeper, and baby sitter.
  b. The value of unpaid volunteer time.
 c. The unpaid services provided by the natural environment, such as breathable air.
 d. Net exports.

Question 2

Which of the following market transactions of final goods and services are excluded from the computation of U.S. GDP?
 a. Purchases of products such as wine, beer, hard liquor, and cigarettes.
  b. Secondhand transactions, such as when a used car is sold.
 c. New purchase that a resident of one state makes in a different state.
  d. Purchases of necessities such as groceries and rent.



Liddy

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

For a complete list of videos, visit our video library