Asked by

La'Trell Buckner
on Oct 13, 2024

verifed

Verified

Which one of the following is counted in GDP?

A) Government spending
B) Transfer payments
C) Intermediate goods
D) Leisure time

Transfer Payments

Payments made by the government to individuals without any goods or services being received in return, such as welfare or unemployment benefits.

Intermediate Goods

Products used as inputs in the production of other goods, including raw materials, components, and completed inventory.

  • Familiarize oneself with the primary notions of Gross Domestic Product (GDP) and its parts.
  • Understand the significance of investments, fiscal outlays, and trade balance in shaping the economy.
verifed

Verified Answer

ZB
Zachary BurgbacherOct 15, 2024
Final Answer:
Get Full Answer