Which of the following is included in determining GDP?
A) the purchase of a new car
B) the purchase of a used car
C) a housewife preparing breakfast
D) a gardener cans vegetables for consumption during the winter
Correct Answer:
Verified
Q1: In the simple circular flow model the
Q3: Households receive a total income of $5
Q4: Social Security payments are
A)included in GDP.
B)not included
Q7: Economists consider profit to be
A)a cost of
Q9: Which of the following would most likely
Q10: Goods that are used up entirely in
Q11: The total market value of final goods
Q18: One of the principles behind the concept
Q78: Which of the following is a final
Q292: The annual cost of producing the entire
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