Which of the following would be included in the calculation of GDP?
(A) Time and effort spent shopping for your household.
(B) Paying your nephew to mow the lawn.
(C) Purchasing a new vehicle.
(D) Selling your car to a friend.
Ans: (C) Purchasing a new vehicle.
Economics
You might also like to view...
Refer to the figure above. What is the producer surplus before Barylia opens up to free trade?
A) $125 B) $250 C) $400 D) $325
Economics
The cross-price elasticity of demand between product X and product Y is -1.2. It can be inferred that X and Y are
A. complements. B. inferior. C. substitutes. D. unrelated.
Economics