For the purposes of calculating GDP using the expenditure approach, which of the following is not included in the government purchases account?
A. The government's purchase of a computer
B. The payroll of the federal government
C. Government purchases of pencils
D. Welfare payments to the poor
Answer: D
Economics
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A narrowly diversified firm has wide economies of scope
Indicate whether the statement is true or false
Economics
A currency appreciation is a(n):
A. decrease in the value of a currency relative to other currencies. B. increase in the value of a currency relative to other currencies. C. increase in the official value of a currency in a fixed-exchange-rate system. D. reduction in the official value of a currency in a fixed-exchange-rate system.
Economics