Don has built an addition to his house. This transaction will be:
A) not included in GDP because it is not produced for the marketplace.
B) included in GDP because Don is a professional builder.
C) not included in GDP because it is an intermediate good.
D) included in GDP because building is Don's hobby.
Correct Answer:
Verified
Q83: Enchanté Inc., a designer clothing company, buys
Q100: Boeing buys $3 million worth of steel,
Q103: A country's exports minus its imports during
Q107: Which of the following would NOT be
Q108: If your professor wins the lottery:
A)GDP goes
Q110: Goods that are produced in a particular
Q114: An example of an intermediate good is:
A)wages
Q115: A nation's exports minus its imports:
A) equals
Q118: Purchases of _ are included in GDP.
A)
Q120: The total volume of business sales 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