Which one of the following would be included in the calculation of GDP by the expenditure approach?
A) the purchase of 20 shares of a new issue of IBM stock
B) the purchase of an original eighteenth century work of art
C) the value of your brother's services when he mows the lawn for the family
D) the cost of adding a new kitchen to your house
E) the income you pay to your gardener
Correct Answer:
Verified
Q39: Use the information below to answer the
Q40: An art collector recently sold a piece
Q41: Which of the following relationships is correct?
A)Gross
Q42: A hypothetical economy produced four final goods
Q43: Use the table below to answer the
Q45: Use the information below to answer the
Q46: The expenditure approach measures GDP by adding
Q47: The largest component of GDP using the
Q48: In the circular flow diagram, aggregate expenditure
Q49: Which of the following are equal to
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