GDP Excludes Expenditures By

question 26

Multiple Choice

GDP excludes expenditures by:

• A)businesses on pollution control equipment.
• B)business for travel and entertainment.
• C)government on military hardware.
• D)consumers on used automobiles.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Income Rises

An increase in the amount of money received from work, business, investments, or other sources.

More To Less

A principle or process that involves moving from a greater quantity or quality to a lesser one.

Price Falls

A decrease in the market price of goods or services, often due to increased supply or reduced demand.