Consumption in the calculation of gross domestic product does not includeConsumer servicesO Consumer durable goodsO Purchases of stocks and bondsO Nondurable consumption goods

GDP refers to the production of goods and services during an accounting year.

Answered: Consumption in the calculation of gross…

Consumption in the calculation of gross domestic product does not include Consumer services Consumer durable goods O Purchases of stocks and bonds O Nondurable consumption goods

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 3.6P

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Consumption in the calculation of gross domestic product does not include
Consumer services
O Consumer durable goods
O Purchases of stocks and bonds
O Nondurable consumption goods

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