1. When calculating GDP using the production method, which of the following would you not include? a. Consumption b. Investment c. Value added d. Government purchases e. Net exports 2. What part of...

1. When calculating GDP using the production method, which of the following would you not include?

a. Consumption

b. Investment

c. Value added

d. Government purchases

e. Net exports

2. What part of government spending is excluded from GDP because it does not correspond to goods and services currently being produced?

a. National defense

b. Transfer payments

c. Education

d. Purchases of police cars