A good that would be counted as consumption in GDP would be the:
A) Subway sandwich Tony ate for lunch.
B) $10 Tony received after winning a bet with his friend.
C) $50 in wages Tony received that day from working all afternoon.
D) common stock Tony purchased for his 401(k) .
Correct Answer:
Verified
Q51: Investment, as a part of GDP, includes:
A)
Q56: The income approach to calculating GDP:
A) is
Q57: U.S. Gross National Product includes goods produced
Q58: GDP could be calculated over:
A) a month.
B)
Q59: Kelly is a U.S. citizen who works
Q60: Tallulah is a German citizen who works
Q62: Government purchases, as a component of GDP
Q63: Jake, Sr. sells the family business, a
Q64: An example of a transfer payment is:
A)
Q65: Spending on imports should get _ GDP,
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