Multiple Choice
Which of the following will be counted as an expenditure in the measurement of GDP? (Assume that none of the transactions is concealed from the relevant authorities. )
A) the value of a used automobile that remains unsold on the dealer's lot
B) purchase of a lamp at a neighborhood garage sale
C) purchase,using foodstamps,of a loaf of bread
D) payment by a parent to her child for doing household laundry
E) purchase of flour by a bakery
Correct Answer:
Verified
Correct Answer:
Verified
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