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The GDP deflator is a price index that includes the following components of GDP:
A. Consumption
B. Consumption plus Investment but not Exports
C. Consumption, Investment plus Exports minus Imports
D. Consumption, Investment, Government plus Exports minus Imports
The GDP deflator is a price index that includes the following components of GDP:
A. Consumption
B. Consumption plus Investment but not Exports
C. Consumption, Investment plus Exports minus Imports
D. Consumption, Investment, Government plus Exports minus Imports
A. Consumption
B. Consumption plus Investment but not Exports
C. Consumption, Investment plus Exports minus Imports
D. Consumption, Investment, Government plus Exports minus Imports
Divya SinghLv10
17 Oct 2020
Related textbook solutions
Related questions
6. Using the expenditure approach, calculate GDP using the following data.
|
Item |
Amount in dollars (billions) |
|
Consumption |
7,600 |
|
Consumption of Durable Goods |
1,600 |
|
Consumption of Non Durable Goods |
2,800 |
|
Consumption of Services |
3,200 |
|
Investment |
2,750 |
|
Fixed Investment |
1,000 |
|
Government purchases of Goods & Services |
1,675 |
|
Government Transfer Payments |
450 |
|
Exports |
750 |
|
Imports |
1,600 |
|
GDP Equals |
|
7. What is the importance of measuring per capita GDP?
8. What is the underground economy? How does it affect GDP calculations? Provide three examples of underground economy transactions
