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Question 11 net taxes are taxes paid minus a

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Question 11Net taxesare taxes paid minus _____.A.consumption expenditure of householdsB.subsidiesC.cash benefits received from governmentsD.capital expenditure
Exam #4 - Ch. 14-16Question 12Savingis the amount of income that is _____ in net taxes or spent on _____ goods and services.
Question 13Facebook is the reason for the productivity slowdown, no, reallyFacebook's WhatsApp is free and it sells no advertising. So WhatsApp's value of production in GDP iszero. Assume that WhatsApp's services are produced by 300 people all of whom earn $100,000 a year.By this measure, WhatsApp's value of production in GDP is $30 million.Source: Forbes, February 13, 2016What are the two approaches to measuring GDP described in the news clip?Why is one of these measures of the contribution of WhatsApp to GDP wrong?The two approaches to measuring GDP described in the news clip are the _______.
The news clip is incorrect that the value of production is _________.
Question 14Real GDPis the value of the _____ goods and services produced in a given year expressed in terms ofthe prices in _____ year.Nominal GDPis the value of the _____ goods and services produced in a given year expressed in termsof the prices of _____ year.A.intermediate; a base;final; that same
Exam #4 - Ch. 14-16B.final; abase;final; that sameC.final; that same;final; a baseD.final; that same;intermediate; a base

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Term
Spring
Professor
james Geinger

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