Q15 Which of the following is included in GDP?The buying and selling of securities.Government transfer payments.Private transfer payments.O The sale of used goods.O none of these.

GDP is the sum of final economic goods and services produced in an economy within a year.

Answered: Which of the following is included in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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380 460 Sometimes it is more useful to express this as a decimal. In this case, just divide the numerator by the denominator and round to an appropriate number of decimal places (here, three): 380 = 0.826 460 To express this as a percentage, just take the decimal result times 100. We will round to one decimal places here: 380 460 0.826 x 100 = 82.6% Suppose that the annual federal deficit is $350 billion. Gross Domestic Product 'GDP', a measure of the size of the economy is $14.5 trillion ($14,500 billion). Calculate the ratio between the deficit and GDP as a percentage rounded to one decimal place: Deficit-GDP ratio: < Prev 2 of 5 # Score.answer

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Which of the following is included in GDP? O The buying and selling of securities. O Government transfer payments. O Private transfer payments. The sale of used goods. O none of these.