QUESTION 12 In the expenditure approach to GDP, which of the following is excluded from measurements of GDP? OA Govermment payments for goods produced by privately-owned firms O B. Government payments for goods produced by firms owned by state or local governments OC. Government transfers to households because of Covid-19 O D. All government payments are included in GDP

ECON MACRO
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ISBN:9781337000529
Author:William A. McEachern
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Chapter6: Tracking The U.s. Economy
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QUESTION 12
In the expenditure approach to GDP, which of the following is excluded from measurements of GDP?
O A. Government payments for goods produced by privately-owned firms
O B. Government payments for goods produced by firms owned by state or local govermments
C. Government transfers to households because of Covid-19
O D. All government payments are included in GDP
Transcribed Image Text:QUESTION 12 In the expenditure approach to GDP, which of the following is excluded from measurements of GDP? O A. Government payments for goods produced by privately-owned firms O B. Government payments for goods produced by firms owned by state or local govermments C. Government transfers to households because of Covid-19 O D. All government payments are included in GDP
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