Which of the following would NOT be directly included in the U.S. GDP in 2010?
A) the value of the automobiles produced in 2010 at the Toyota plant located in Georgetown, KY
B) the market value of the jet fuel bought by Delta to use for its flights in 2010
C) the purchase of a new home in Atlanta, Georgia in 2010
D) legal services provided to first time home buyers during 2010
E) the market value of restaurant meals sold in 2010
Correct Answer:
Verified
Q56: Q57: Nominal GDP measures the value of goods Q58: If consumption was 70 percent of GDP Q59: Q60: According to the income approach to measuring Q62: During the business cycle, Q64: According to the expenditure approach to measuring 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
A)real GDP fluctuates around