Which item would NOT be included in GDP?
A) the dollar value of a repair job done by your cousin on her own car
B) the dollar value of a lawyer's service
C) new car sales by a local dealer
D) production of new cars that were not sold in the current year
Correct Answer:
Verified
Q107: An example of an intermediate good is:
A)
Q108: Which equation is the BEST one for
Q109: GDP counts the dollar value of only
Q110: The calculation of GDP does NOT include
Q111: Value added in national income accounts refers
Q113: Use the following to answer question 115:
Q114: Which item is included in the calculation
Q115: A nation's exports minus its imports:
A) equals
Q116: GDP does NOT exclude:
A) the value of
Q117: Net exports are calculated by subtracting:
A) imports
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