A car sold from a used car lot
A. would only be counted in Gross Domestic Product (GDP) if it was a foreign made car.
B. would be counted in Gross Domestic Product (GDP).
C. would fall under net exports, and would then be counted in Gross Domestic Product (GDP).
D. would not be counted in Gross Domestic Product (GDP).
Answer: D
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Indicate whether the statement is true or false
The Affordable Care Act is intended to reduce the price of health care. A decrease in the price of health care may
A) increase the number of doctors office visits if office visits are considered an inferior good and the substitution effect dominates the income effect. B) decrease the number of doctors office visits if office visits are considered an inferior good and the substitution effect dominates the income effect. C) increase the number of doctors office visits if office visits are a normal good. D) Both A and C.