Multiple Choice
If you buy a five-year-old TV from a friend,the amount you paid for the TV is
A) not included in this year's GDP.
B) always added to investment but not consumption.
C) always added to consumption expenditures but not investment.
D) added to investment if the TV is expected to last more than 5 additional years and added to consumption if the TV is expected to last less than 5 additional years.
E) included in this year's GDP only if the TV set was manufactured in Australia.
Correct Answer:
Verified
Correct Answer:
Verified
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