True or False: Welfare payments for programs are counted in GDP. Explain why they are or are not

Q: Which of the following would cause the level of income to change by the greatest amount?   a. An…

A: Level of income is affected by the change in the price level, change in national income or…

Q: Calculate national income if NDPFC is $2300 million and net factor income from abroad is $500…

A: According to the above given question, the values given are:- NDPFC = $2300 million Net factor…

Q: What are government transfer payments? Are they included as part of the government spending…

A: In an economy, all the economic activities performed by the citizens that resulted in income value…

Q: what factors/components impact the decrease in GDP?

A: Gross domestic product is the monetary value of every completed great and services made inside a…

Q: What distinguishes national income, GNP, and NNP

A: The total factor incomes earned and received inside the domestic economy's territory make up the…

Q: What factors can lead to an increase in a country's Gross Domestic Product (GDP)?

A: GDP (Gross domestic product) gauges the complete worth of all labor and products delivered…

Q: Which of the following is added to the GDP?     A. Exports   B. Imports   C. Net Exports   D.…

A: GDP is the gross domestic product.  It includes consumption , investment , government spending and…