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
Q2: Gross domestic product is the total market
Q4: To calculate GDP using the value-added method,
Q8: Which of the following is included in
Q11: How is total production in the economy
Q12: What is subtracted from GDP to calculate
Q15: What is a 'final good'?
A) A good
Q16: An example of an 'intermediate good' would
Q18: An example of an 'intermediate good' would
Q18: Macroeconomics involves the economic issues of
A) how
Q19: Which of the following is not one
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