Question 9 Which of the following are true about GDP accounting? There may be more than one answer. a) The cost of intermediate goods should be included in GDP. b) Public employees' salaries are included in GDP expenditure accounting. c) Public employees' salaries are included in GDP income accounting. d) Government subsidies for the low-income households are included in GDP expenditure accounting.
Question 9 Which of the following are true about GDP accounting? There may be more than one answer. a) The cost of intermediate goods should be included in GDP. b) Public employees' salaries are included in GDP expenditure accounting. c) Public employees' salaries are included in GDP income accounting. d) Government subsidies for the low-income households are included in GDP expenditure accounting.
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 3SQ
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Transcribed Image Text:Question 9 Which of the following are true about GDP accounting? There may be more than one answer.
a) The cost of intermediate goods should be included in GDP.
b) Public employees' salaries are included in GDP expenditure accounting.
c) Public employees' salaries are included in GDP income accounting.
d) Government subsidies for the low-income households are included in GDP expenditure accounting.
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