Multiple Choice
Which of the following examples would be included in the calculated GDP?
A) A clothing manufacturer buys fabric from a textile producer.
B) Suzanne buys a love seat and chair for $85 at the yard sale on the corner.
C) Mr. Kelly buys a used lawn mower from his neighbour, Mr. Templeton.
D) A local ice cream store sells $17 000 worth of cones and sundaes on July 1.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: Which of the following is NOT a
Q45: Which of the following products is NOT
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Q47: How is nominal GDP defined?<br>A)the base-year market
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Q50: What is the term for household income
Q51: What is the term for GDP that
Q52: If real GDP was $800 billion in
Q53: What occurred during 2012 if nominal GDP
Q54: What do final goods or services used