Multiple Choice
Don is a builder and in his free time he has built an addition to his own house. This transaction will:
A) not be included in GDP because it is not produced for the marketplace.
B) be included in GDP because Don is a professional builder.
C) not be included in GDP because it is an intermediate good.
D) be included in GDP because building is Don's hobby.
Correct Answer:

Verified
Correct Answer:
Verified
Q81: An increase in the value of nominal
Q82: Economists frequently use GDP per capita to
Q83: Use the following to answer questions: <img
Q84: Dividing real GDP by the population:<br>A) results
Q85: In the United States, consumer spending accounts
Q87: In the circular-flow diagram, firms:<br>A) demand goods.<br>B)
Q88: Use the following to answer questions: <img
Q89: Use the following to answer questions: <img
Q90: GDP counts the dollar value of only
Q91: Net exports are calculated by subtracting:<br>A) imports