Which of the following purchases is NOT included in the calculated GDP?
A) a newly-constructed home
B) lumber used to build a four-bedroom home
C) a meal at Burger King
D) a bottle of Canadian wine
Correct Answer:
Verified
Q1: Which of the following is included in
Q3: How is GDP defined?
A)as the national income
Q4: What does GDP measure?
A)the value of all
Q5: What is included in the calculation of
Q6: What do final goods or services used
Q7: Which of the following best describes intermediate
Q8: Which of the following purchases is an
Q9: What does GDP calculate?
A)the total revenue received
Q10: Which of the following is NOT part
Q11: Which of the following accurately describes GDP?
A)the
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