GDP would be a better measure of economic well-being if it included: Select one: a. the...
GDP would be a better measure of economic well-being if it included:
Select one:
a. the costs of education.
b. the total value of intermediate goods.
c. the market value of final goods.
d. the value of leisure.
The government purchases component of GDP includes:
Select one:
a. purchases of final goods and services.
b. interest payments on government debt.
c. transfer payments.
d. payments made to social security recipients.
Homework Answers
1. GDP would be a better measure of economic well-being if it included the value of leisure . Hence,option(D) is correct.
2. The government purchases component of GDP includes purchases of final goods and services. Hence,option(A) is correct.
Add Answer to:
GDP would be a better measure of economic well-being if it
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The government purchases component of GDP includes: Select one: a. purchases of final goods and services....
The government purchases component of GDP includes: Select one: a. purchases of final goods and services. b. interest payments on government debt. c. transfer payments. d. payments made to social security recipients.
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