Solved: Which of the following is not included in GDP a. capital goods such as machinery

Chapter 0, Problem 4

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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

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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.

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