Which of the following is included in the calculations of gross domestic product?
A) Mr. Kelly buys a used lawn mower from his neighbor Mr. Templeton.
B) A local ice cream store sells $17,000 worth of cones and sundaes on Fourth of July.
C) Suzanne buys a love seat and chair for $85 at the yard sale on the corner.
D) Fred sells his second tractor to his son.
E) A sheet of glass purchased by General Motors for the side window of a new car
Correct Answer:
Verified
Q63: Net exports are defined as:
A)exports plus imports.
B)exports
Q64: Suppose the nominal gross domestic product (GDP)
Q65: Household income after taxes is called:
A)national income.
B)gross
Q66: The aggregate income in an economy comprises:
A)consumption,
Q67: According to the expenditure method, _.
A)GDP =
Q69: The difference between gross domestic product (GDP)
Q70: Which of the following is subtracted from
Q71: The nominal gross domestic product (GDP) in
Q72: Which of the following is a measure
Q73: Real gross domestic product (GDP) in base-year
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