All of the following are tools of fiscal policy except one. Which is the exception?

A fully funded pension liability is one in which

A) the Pension Benefit Guaranty Corporation insures full benefit payments. B) enough money has been set aside to ensure that the promised pension can be paid out after allowing for interest payments. C) the yield on the pension fund is equal to the inflation rate. D) corporation pension contributions are equal to employee contributions.

GDP understates the amount of economic production in the United States because it excludes:

A.  Spending for the U.S. military B.  Transfer payments C.  Purchases of stocks and bonds D.  Work performed by people for their own benefit