Multiple Choice
Which one of the following is NOT included in GDP?
A) You look after your neighbor's plants during her vacation in exchange for her agreement to feed your fish while you are gone.
B) A homeowner hires a cleaning service to take care of household chores she chooses not to do because of the demands of her job.
C) A bicycle manufacturer pays an advertising agency to develop a new promotional campaign.
D) You purchase new tires for your old car.
Correct Answer:
Verified
Correct Answer:
Verified
Q348: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q349: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q350: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q351: Real GDP is<br>A) nominal GDP adjusted for
Q352: Food and gasoline can be classified as<br>A)
Q354: A capital good is<br>A) a good that
Q355: Which of the following statements is FALSE?<br>A)
Q356: Which of the following would be included
Q357: Personal income taxes are the difference between<br>A)
Q358: The approach used in the U.S. to