ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Each individual on food stamps in Delaware can receive up to $194 a month. Is this included in GDP?
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Yes-Government spending
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Yes-Consumer Spending
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No-Intermediate Goods
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No-Government payment to individuals (not included)
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Explanation:
Detailed explanation-1: -Nominal GDP is a macroeconomic estimate of the value of goods and services using current prices to their extent. Nominal GDP is also called current GDP in dollars. Real GDP takes into account adjustments for changes in inflation. Hence, the correct answer is the option d) I and II
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