Which of the following will be counted as an expenditure in the measurement of GDP? (Assume that none of the transactions is concealed from the relevant authorities.)
A) the value of a used automobile that remains unsold on the dealer's lot
B) purchase of a lamp at a neighborhood garage sale
C) purchase, using foodstamps, of a loaf of bread
D) payment by a parent to her child for doing household laundry
E) purchase of flour by a bakery
C
Economics
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The primary measure of a country's development is
What will be an ideal response?
Economics
All else constant, all of the following would cause the demand curve for a good to shift except:
A) a change in the cost of producing the good. B) a change in the price of a related good. C) a change in consumer's incomes. D) a change in the number of buyers.
Economics