8- Which of these is not a reason we might want to measure the size of the economy?

not

a)   to estimate tax collections

b)   to track the magnitude of recessions

c)   to measure the happiness of people

d)   to estimate the productive capacity of the country in case of war

e)   to compare living standards in different countries

·        a1)Personal consumption expenditure

·        a2)This would not be included as part of GDP

·        a3)Gross private domestic investment

·       b1)Personal consumption expenditures

·        b2)This would not be included as part of GDP

·        b3)Gross private domestic investment

·      c1)  Personal consumption expenditures

·       c2) Gross private domestic investment

·       c3) This would not be included as part of GDP

Residential investment

Personal consumption

Government consumption and investment

Nonresidential investment