If someone in the United States buys a surfboard produced in Australia, then that purchase is included in both the consumption component of U.S. GDP and the net exports component of U.S. GDP
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Majority of slaves that were brought to the New World during the colonial period were used in the production of:
a. cotton. b. sugar. c. tobacco. d. rice.
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Which of the following is an in-kind transfer payment?
a. Medicaid b. Social Security c. workers' compensation d. unemployment insurance e. Temporary Assistance to Needy Families
Economics