The government computes measures of income other than GDP because these other measures usually tell different stories about overall economic conditions

A ton of coal purchased by your local utility to burn to make electricity would be best described as

A) an intermediate good. B) a financial asset. C) a used good. D) a final product.

Between 2015 and 2016, if an economy's exports rise by $8 billion and its imports fall by $8 billion, by how much will GDP change between the two years, all else equal?

A) The increase in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP. B) Net exports will decrease GDP by $8 billion. C) Net exports will increase GDP by $8 billion. D) Net exports will increase GDP by $16 billion.