Which of the following would be directly counted in GDP in 2017?
A) kitchen cabinets purchased from Lowes in 2017 to be installed in a house built in 1997
B) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a brand new country-style home
C) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a farm house built in 1950
D) kitchen cabinets purchased from Home Depot installed in a newly constructed house
E) none of the above
Correct Answer:
Verified
Q6: The nominal GDP of Canada in 2015
Q7: During a business cycle expansion, total production
Q8: Which of the following goods is directly
Q9: Table 4.1 Q10: Macroeconomics, as opposed to microeconomics, includes the Q12: Which of the following is not directly Q13: Gross domestic product is calculated by summing Q14: Suppose, in 2018, you purchased a house Q15: Table 4.2 Q16: Which of the following headlines would be![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents