Computation of GDP by the expenditures method would include the purchase of ________.
A. land by the U.S. Department of Interior
B. government bonds by a commercial bank
C. fertilizer by a farmer
D. cement by a construction company
Answer: A
Economics
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Gross domestic product includes
a. all intermediate and final goods and services produced. b. the current production of final goods and services with a country's borders. c. exchanges of assets. d. the current production of final goods and services by a country's citizens. e. All of the above
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According to John Maynard Keynes' General Theory of Employment, Interest and Money, the government should _____ in order to get an economy out of a depression
a. increase spending b. decrease spending c. reduce subsidies d. increase taxes e. allow the economy to correct itself
Economics