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Solved: Which of the following is not included in GDP a. capital goods such as machinery
Chapter 0, Problem 4(choose chapter or problem)
QUESTION:
Which of the following is not included in GDP? a. capital goods such as machinery b. imports c. the value of domestically produced services d. government purchases of goods and services e. the construction of structures
Questions & Answers
QUESTION:
Which of the following is not included in GDP? a. capital goods such as machinery b. imports c. the value of domestically produced services d. government purchases of goods and services e. the construction of structures
ANSWER:Step 1 of 2
The gross domestic product includes the monetary values of all economic production which an economy does in a year—no matter whether this produced output is consumed domestically or sent abroad.