ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is this counted in the GDP of the US?The federal government purchases a new submarine for the US Navy.
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Yes
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No
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: –Often does not get a good or service in exchange, therefore it is not counted. The government’s purchase of a new submarine for the navy.-Service from the Navy is then produced, so this is included in the GDP.
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