GDP excludes expenditures by:
a. Government on military hardware
b. Business for travel and entertainment
c. Consumers on used automobiles
d. Businesses on pollution control equipment
c. Consumers on used automobiles
Economics
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The money wage rate is constant when moving along
A) only the potential GDP line. B) the aggregate supply curve, the potential GDP line, and the aggregate demand curve. C) only the aggregate supply curve. D) only the aggregate supply curve and the potential GDP line. E) neither the aggregate supply curve nor the potential GDP line.
Economics
If a recession were to reduce the demand for loans, ceteris paribus,
A) the interest rate will increase. B) the interest rate will not change. C) the interest rate will decrease. D) the number of loans will increase.
Economics