Multiple Choice
Which of the following would not be counted in 2016's GDP?
A) the value of a 2008 boat you purchase from a boat dealer in 2016
B) the 2016 salary of a used motorcycle salesperson
C) the commissions earned by a real estate agent in selling condominiums built prior to 2016
D) the value of a refrigerator manufactured in 2016 but not sold in 2016
Correct Answer:
Verified
Correct Answer:
Verified
Q260: If net investment in 2016 is $550
Q261: Refer to the information provided in Table
Q262: If net investment is positive, then<br>A) gross
Q263: Refer to the information provided in Table
Q264: GDP generally reflects the production of social
Q266: In 2016 final sales equal $500 billion
Q267: If national income is $600 billion, personal
Q268: Gross national income (GNI) is GDP converted
Q269: By not counting the value of intermediate
Q270: Total income in the economy can sometimes