Which of the following would not be included in the calculation of GDP?
A) Jim purchases a new automobile.
B) Joe pays a plumber $100 to fix a broken pipe.
C) Sandy,who is on welfare,receives $100 in food stamps.
D) Kurt purchases an airline ticket for $500 just before a big reduction in fares.
E) Laurie pays $15 for a haircut.
Correct Answer:
Verified
Q16: Which of the following is the best
Q17: Which of the following best describes an
Q18: Gross Domestic Product includes final goods and
Q19: In double-entry GDP accounting,
A)the value of output
Q20: Which of the following would be included
Q22: In GDP measurement,Investment spending includes
A)spending by individual
Q23: The immediate effect on GDP of Ibrahim's
Q24: Which of the following is not considered
Q25: Investment spending is a flow variable; inventories
Q26: In GDP measurement,consumer spending includes
A)spending by businesses
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