Educational services provided by public schools are:
A. excluded from GDP because they are intermediate goods.
B. included in GDP at market prices.
C. excluded from GDP because they are not sold in markets.
D. included in GDP at cost.
Answer: D
Economics
You might also like to view...
The monetarist explanations of the Great Depression focus on
a. falls in the LM curve and aggregate demand. b. falls in aggregate supply. c. fall in the IS curve and aggregate demand.. d. falls in expectations and the expected price level.
Economics
Frictional unemployment refers to:
a. people who are out of work and have no job skills. b. short periods of unemployment needed to match jobs and job seekers. c. people who spend relatively long periods out of work. d. unemployment related to the ups and downs of the business cycle.
Economics