Multiple Choice
Which of the following is included in the calculated gross domestic product?
A) Mr.Kelly buys a used lawn mower from his neighbor Mr.Templeton.
B) A local ice cream store sells $17,000 worth of cones and sundaes on July 4th.
C) Suzanne buys a love seat and chair for $85 at the yard sale on the corner.
D) Farmer Fred sells his second tractor to his son.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Which of the following is not a
Q41: Which of the following is not counted
Q42: If individuals were paid for their household
Q43: GDP equals $5 trillion. If consumption equals
Q44: The goods and services that are used
Q46: Measures of well-being include:<br>A)pollution levels.<br>B)infant mortality rates.<br>C)literacy
Q47: If real GDP increases and the price
Q48: U.S. nominal GDP:<br>A)has historically increased more slowly
Q49: Which of the following is counted as
Q50: The expenditure method of measuring GDP is