Which of the following helps economists avoid double counting in computing of GDP?
a. Including goods and services produced only within a given area.
b. Only include transfer payments made by the government and not individuals.
c. Only include capital purchases by corporations and not by family-owned firms.
d. Avoiding the use of intermediate goods in calculating GDP.
D
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Deficit financing has been part of U.S. history from the very beginning. The Continental Congress put the country into debt in order to continue its fight for independence from Great Britain. As is done today, Congress issued bonds
What will be an ideal response?
Assume foreign beer is a normal good. If the incomes of demanders decreases,
A) the demand for foreign beer will increase. B) the quantity supplied of foreign beer will increase. C) the market output of foreign beer will increase. D) all of the above will occur. E) none of the above will occur.