Multiple Choice
Rhonda sells a house she has owned for 15 years.To make it more marketable, she buys carpeting and has it professionally installed, and she buys wallpaper that her daughter hangs.Which of these items would be included in this year's GDP?
A) the sale price of the house, carpeting, and wallpaper; and the installation fee for the carpet
B) the sale price of the house, carpeting, and wallpaper; the installation fee for the carpet; and the opportunity cost of Rhonda's daughter's time
C) the sale price of the house, carpeting, and wallpaper; the installation fee for the carpet; and the opportunity cost of Rhonda's time
D) the sale price of the wallpaper and carpeting; and the installation fee for the carpet
Correct Answer:
Verified
Correct Answer:
Verified
Q105: Which of the following is NOT a
Q106: The country of PirateLand had a GDP
Q107: Why do GDP figures tend to understate
Q108: Suppose that the economy is in equilibrium,
Q109: Suppose that the economy is in equilibrium,
Q111: Which of the following is NOT considered
Q112: What does gross domestic product measure? <br>A) the
Q113: Suppose that the economy is in equilibrium,
Q114: Which of the following is a leakage
Q115: Which of the following would be included