Which of the following is a part of GDP?

A. The value of a haircut
B. The value of an old car purchased during a year
C. The value of an existing house sold during a year
D. The value of a homemaker's services

Answer: A

Economics

You might also like to view...

Which of the following is most likely the most beneficial form of monopoly advantage?

A) better production methods B) input hoarding C) decreasing returns to scale D) government protection

Economics

Between 1910 and today, the number of farmers in the United States _____________ dramatically as a result of ___________________ in farming in the twentieth century

A) dropped; technological improvements B) rose; technological improvements C) dropped; technological declines D) rose; technological declines

Economics