Answer: D. All of the choices are excluded from GDP.
Which of the following are excluded from GDP?
A. changes in the value of existing assets
B. financial transactions
C. sales of used goods
D. All of the choices are excluded from GDP.
Economics
You might also like to view...
Generally speaking, income inequality is
A) higher in Europe than in the United States. B) higher in the United States than in most of the developing world. C) extremely high and does not vary much between nations in the developing world. D) higher in the developing world than in the developed world.
Economics
If price is greater than the average variable cost, a profit-maximizing firm should:
A) contract production until price is equal to marginal cost. B) expand production until price is equal to marginal cost. C) contract production until total revenue is equal to total cost. D) expand production until total revenue is equal to total cost.
Economics