Jacob decides to sell a used car.He buys a $25 ad in the local paper and lists the car for $3,000.It sold the next day! Because of this sale
A) Gross Domestic Product increased $3,025.
B) Gross Domestic Product increased $3,000.
C) Gross Domestic Product increased $25.
D) Gross Domestic Product did not change.
Correct Answer:
Verified
Q10: This illustrates the exchange of resources and
Q11: Consistently, the largest component of GDP is
A)Consumption
B)Private
Q12: These are the primary suppliers of output
Q13: This provides a measure of all the
Q14: This approach in measuring GDP uses incomes
Q16: This approach in measuring GDP uses total
Q17: Each of the following is counted in
Q18: The value added approach in measuring GDP
Q19: You own a business.You purchase $6,500 in
Q20: Which of the following is correct?
A)GDP =
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