Author Question: Which of the following is NOT part of GDP calculated using the expenditure approach? A) General ... (Read 34 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
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
  • ****
  • Posts: 326
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library