Which of the following economic transactions would not be included in GDP?
A) Price of laundering shirts at the laundry
B) Playing roulette in Las Vegas
C) Eating home-grown tomatoes
D) Eating peaches from the corner fruit stand
E) Buying a new car
Correct Answer:
Verified
Q79: GDP can increase at a faster rate
Q158: Value added in a nation equals
A)the value
Q159: The nation's current output at base year
Q160: Which statement is true?
A)Real GDP can never
Q161: The increased participation of housewives in the
Q162: Inflation that causes an increase in prices
Q164: C is about _ of GDP.
A)four-fifths
B)seven tenths
C)one-half
D)two-fifths
E)one-third
Q166: "Multiple counting" is avoided when calculating GDP
Q167: Which statement is true?
A)GDP and real GDP
Q168: Net exports is a positive number in
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