If Mary received a welfare check this year, would that transfer payment be included in this years

Question:

If Mary received a welfare check this year, would that transfer payment be included in this year’s GDP? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: Jan 19, 2023 03:56 AM

See More Questions

This year Mary received a $200 refund of state income taxes that she deducted on her tax return last year. Mary included a total of $4,000 of state income taxes when she itemized deductions last...
If you were Mary would you accept Frank = s offer to copy his Microsoft Office Professional? Why or why not?
Why would the welfare cost of insurance be smaller, the more inelastic the demand for that type of health care?
A recent PwC Supply Global Chain survey indicated that companies that acknowledge the supply chain as a strategic asset achieve 70% higher performance. The Leaders in the survey point to...
Corvette, Ferrari, and Jaguar produced a variety of classic cars that continue to increase in value. The following data, based upon the Martin Rating System for Collectible Cars, show the rarity...
Clem Company issued $800,000, 10-year, 5 percent bonds on January 1, 2018. The bonds sold for $741,000. Interest is payable annually on December 31. Using effective-interest amortization, prepare...
BlackBerry Ltd. has a target current ratio of 2.0 but has experienced some difficulties financing its expanding sales in the past few months. At present, the firm has current assets of $750,000 and a...
Journalize the following transactions in the accounts of Cecena Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables: Feb. 13....
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
Nominal GDP in Nowhereland in 2018 and 2019 is as follows: NGDP 2018 GDP 2019 $4 trillion 4.8 trillion Can you say that the production of goods and services in Nowhereland has increased between 2018...
Why does the investment component of GDP include purchases of new capital goods but not purchases of company stock?
Before Gerardus Mercator designed his map of the world in 1569, sailors who traveled in a fixed compass direction could follow a straight line on a map only over short distances. Over long distances,...
A contract requires end-of-month payments of $245 for another 8 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 1.8% compounded monthly? (Do not...
Assume a corporation' s bond has 10 years remaining until maturity . The bond has a $1,000 face value and a 6% coupon rate each year. Other investments meeting the same criteria must provide annual...
1. What is the lower bound for the price of a 3-month European call option on a non-dividend paying stock when the stock price is $100, the strike price is $90, and the risk-free interest rate is 5%...
Suppose that many people choose between becoming nurses and becoming occupational therapists. The wages of nurses have risen dramatically since the COVID-19 pandemic. How will this affect the wages...
Predict the output of this Java code: public class Driver { public int x = 0; public static int y = 0; public static void main(String[] args) { Driver dl new Driver(); Driver d2 = new Driver();...
What has been done, and what more do you believe should be done to restore the public trust in the auditing profession and in the nation's financial reporting system?
Identify Thank You mission, strategy and core competencies. Identify strategy changes that have taken place at Thank You since its founding in 2008. Your answer must in text references and must be...
Despite economists support of a market approach to environmental policy, the command- and-control approach continues to dominate the policy of most nations. Explain why this is the case. In your...
In 1996, Michigan launched a voluntary emissions trading program, which allows polluters to achieve cost-effective solutions when meeting requirements of the U.S. Clean Air Act. . (For more on this...
Refer to Tables 6.2 and 6.3, and investigate how the public's perception of the risk of indoor pollution compares with the ranking given by the EPA's Science Advisory Board. How is this comparison...
Problem 1 (1+2+1 = 4 points) Players A, B, C, D want to make a fair division of a house, a business, and a plot of land. Here are the values which each of them places on these assets (in 1000's of...
The article states that a cheetah can have a home range > 3,000 km 2 . Calculate the side of a square required in miles to provide this area.
You can paint a certain room in 7 hours. Your brother can do it in 4 hours. How many hours does it take the two of you working together to paint the room?

If Mary received a welfare check this year, would that transfer payment be included in this years

Question:

Step by Step Answer:

GDP includes only currently produce...View the full answer

Exploring Economics

Students also viewed these Business questions