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1)In the expenditure approach to GDP, which of the following government payments would be excluded from measurements of GDP? O government payments for welfare programs

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1)In the expenditure approach to GDP, which of the following government payments would be excluded from measurements of GDP? O government payments for welfare programs. None, all government payments are included in GDP. government payments for goods produced by foreign firms. government payments for goods produced by firms owned by state or local governments.

2)The consumer price index is 132 in 2020 and 112 in 2019 when the base year is 2007. The annual inflation rate in the year 2020 is (round off to the nearest percentage point) 32 percent unknown, as there is not sufficient information. 12 percent O 18 percent