Asked by
La'Trell Buckner
on Oct 13, 2024Verified
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.
Verified Answer
ZB
Learning Objectives
- 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.