Which of the following transactions would be included in this year's GDP?
a. Noah purchases a five-year-old house from William.
b. Noah rents a five-year-old house from William.
c. Noah purchases 100 shares of AT&T stock from William.
d. Noah purchases an antique at William's garage sale.
B
Economics
You might also like to view...
The IT industry in Techland has a Herfindahl-Hirschman Index of 1,320. This implies that the IT industry in Techland is ________
A) not concentrated B) moderately concentrated C) highly concentrated D) dominated by a few large buyers
Economics
In the basic aggregate demand - aggregate supply model, a decrease in aggregate demand will in the long run lead to ______ in real GDP and ____ in the price level.
Fill in the blank(s) with the appropriate word(s).
Economics