Which of the following transactions would be included in GDP?
A) the purchase of pencils
B) the purchase of a Picasso painting
C) the purchase of Telstra shares
D) the purchase of a used truck
Correct Answer:
Verified
Q4: To calculate GDP using the value-added method,
Q5: How are 'intermediate goods' treated in the
Q6: Which of the following is not one
Q7: What is a 'final good'?
A)a good not
Q8: Which of the following is included in
Q10: How is total production in the economy
Q11: An example of a 'final good' would
Q12: A truck that is produced in 2018
Q13: A company named Home Depot sells new
Q14: Gross domestic product in the economy is
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