Which of the following would NOT be directly included in Australia's GDP using the expenditure approach in 2021? 9. A) Legal services provided to first- home buyers during 2021. B) The purchase of a new apartment in Docklands, Melbourne in 2021. C) The value of production in 2021 at a factory located in Geelong, Victoria. D) Fuel bought by the prime minister's office for its fleet of cars in 2021.

Which of the following would NOT be directly included in Australia's GDP using the expenditure approach in 2021? 9. A) Legal services provided to first- home buyers during 2021. B) The purchase of a new apartment in Docklands, Melbourne in 2021. C) The value of production in 2021 at a factory located in Geelong, Victoria. D) Fuel bought by the prime minister's office for its fleet of cars in 2021.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 6E

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Question

macroeconomics - gdp

9.
Which of the following would NOT be directly included in Australia's GDP using
the expenditure approach in 2021?
A) Legal services provided to first- home buyers during 2021.
B) The purchase of a new apartment in Docklands, Melbourne in 2021.
C) The value of production in 2021 at a factory located in Geelong, Victoria.
D) Fuel bought by the prime minister's office for its fleet of cars in 2021.

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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