Which of the following will be excluded from the measurement of gross domestic product (GDP)?
a. The market value of automobiles purchased by the federal government
b. The market value of California wine purchased by a Canadian firm
c. The payment of employees' medical insurance
d. The market value of computers purchased by state governments
e. The market value of transactions in the underground economy
e
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With respect to property rights and production, explain the differences between the economic organizations known as communism, capitalism, and socialism
What will be an ideal response?
A flexible exchange rate system crisis involves
A) a revaluation of the currency. B) a rapid and uncontrolled depreciation of the currency. C) a decrease in the dollar value of the country's international debt. D) a sure political collapse of the ruling government. E) All of the above.