During the second quarter of 2020, the federal government attempted to support the economy using several programs,

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During the second quarter of 2020, the federal government attempted to support the economy using several programs, including making \($788\) billion in additional unemployment insurance payments to people who had lost their jobs and \($1.1\) trillion in direct payments to individuals and families. Would these payments be included in GDP? Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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