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QUESTION

In calculating this year's GDP, national income accountants exclude Social Security payments to retirees.

In calculating this year’s GDP, national income accountants exclude Social Security payments to retirees.               A) True B) False

If private domestic saving is 960, private domestic investment is 780, and the government spends 300 more than it receives in tax revenues, then it follows that the trade surplus is 120                .A) True B) False

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