Which one of the following transactions would be included in GDP?
A. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale.
B. Mr. Doe donates $500 to his town's junior college scholarship fund.
C. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident.
D. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock.
Answer: C
Economics
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On a graph of the consumption function, where the consumption function crosses the 45 degree line,
A) there is no saving and no dissaving. B) disposable income is zero. C) the maximum level of disposable income is earned. D) there are no tax payments. E) induced consumption equals zero.
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Explain the relationship between the interest rate on a bond and the default risk on a bond
What will be an ideal response?
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