Question 5 Not yet answered Marked out of 1 Not flaggedFlag

Question 5 Not yet answered Marked out of 1 Not flaggedFlag question Question text The sale of homes built in the past, stocks and bonds, and machinery built in the past is Select one: a. counted in this year\'s GDP. b. excluded from this year\'s GDP.

Question 6 Not yet answered Marked out of 1 Not flaggedFlag question Question text Adding all wage and salaries, rents, royalties, interest and dividends, and other forms of income created within a country within a year, and received by residents of a country, gives us Select one: a. GDP using the expenditure method b. GDP using the income method c. GNP using the expenditure method d. GNP using the income method

Question 7 Not yet answered Marked out of 1 Not flaggedFlag question Question text Ways that increased GDP may worsen our quality of life include Select one: a. Lower unemployment and higher income b. More stress-caused illnesses as people work harder c. More undeveloped land as new construction of buildings and roads decreases d. Preservation of rare species as the demand increases for energy resources resulting in more drilling and transporting of oil and gas (and more accidents).

Solution

5. b. excluded from this year\'s GDP.

6. b. GDP using the income method

7. b. More stress-caused illnesses as people work harder