0000000Transfer payments area. excluded when calculating GDP because they only reflect inflation.b. excluded when calculating GDP because they do not reflect current production.c. included when calculating GDP because they are a category of investment spending.d. included when calculating GDP because they increase the spending of recipients.Which of the following will not increase the average productivity of labor?a. an increase in the stock of real capitalb. improvements in the quality of the nation's education and training systemc. technological progressd. an increase in the size of the labor force

Transfer payment are installments by the public authority to people, like Social Security. Transfers…

nsfer payments dle a. excluded when calculating GDP because they Ob. excluded when calculating GDP because they O c. included when calculating GDP because they O d. included when calculating GDP because they

nsfer payments dle a. excluded when calculating GDP because they Ob. excluded when calculating GDP because they O c. included when calculating GDP because they O d. included when calculating GDP because they

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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