Which of the following would not be considered when calculating GDP?
A) a stay-at-home individual that gardens
B) the barbeque sauce on chicken wings sold at a restaurant
C) the buns for the hamburgers sold at a baseball game concession stand
D) the purchase of a car
E) the building of a plant
Correct Answer:
Verified
Q1: The "conventional wisdom" is that:
A) trade deficits
Q2: Which of the following is excluded from
Q3: _ GDP accounts for changes in prices
Q4: Which of the following statements is correct?
A)
Q5: Which of the following relationships is incorrect?
A)
Q7: The value of final output measured in
Q8: Real GDP is the value of final
Q9: Which of the following is not one
Q10: The GDP of a closed economy is
Q11: The GDP of an open economy is
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