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
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 31P: Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa...
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Transfer payments are
a. 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 capital
b. improvements in the quality of the nation's education and training system
c. technological progress
d. an increase in the size of the labor force](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3495803a-052f-4ef8-b304-ae9b5bc84cd1%2Fae3e481f-05fd-423e-8949-ff9e9a8a3736%2F3civcs4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:0000
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Transfer payments are
a. 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 capital
b. improvements in the quality of the nation's education and training system
c. technological progress
d. an increase in the size of the labor force
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