Which of the following would not be included in GDP?
a. the real estate commission on the sale of a used home
b. an attorney's fee for handling the sale of a used home
c. the value of a used home, at its sale price
d. fees paid to have the house cleaned
C
Economics
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If consumer purchases of a good are highly sensitive to the price of the good, economists say the demand for the good is relatively
a. inelastic. b. elastic. c. robust. d. inverse.
Economics
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. Monetary base to fall. d. M2 money supply to rise.
Economics