U.S. Gross Domestic Product (GDP) does NOT include which of the following?
A) the value of goods produced in a foreign country by U.S. owned firms
B) the purchase of all final goods and services by U.S. households
C) U.S. exports to other countries
D) business investment in the United States
A
You might also like to view...
If nominal GDP is $12 trillion, the price level is 120, and the quantity of money is $4 trillion, what is the velocity of circulation?
A) 3 B) 2.5 C) 30 D) 25
An increase in the marginal rate of return on bread-mixing machines would
a. reduce the supply of loanable funds and reduce the equilibrium market interest rate b. reduce the supply of loanable funds and increase the equilibrium market interest rate c. increase the supply of loanable funds and reduce the equilibrium market interest rate d. increase the supply of loanable funds and increase the equilibrium market interest rate e. increase the demand for loanable funds and increase the equilibrium market interest rate