Which of the following would not be in this quarter's real GDP?
A. a new house that sold today
B. a used truck that was sold to a business
C. a bookstore adding to books in its warehouse
D. a book manufactured in the U.S. and then sold in Mexico
Ans: B. a used truck that was sold to a business
You might also like to view...
All else constant, an increase in the price of labor would cause the total amount of output that can be produced with a fixed amount of spending to ________. This would result in a movement to a ________ isoquant
A) increase; lower B) increase; higher C) decrease; lower D) decrease; higher
Why would a macroeconomist look at the seasonally adjusted unemployment rate?
a. to observe underlying trends that seasonal unemployment might obscure b. to understand the effect of seasonal unemployment on other types of unemployment c. to observe how weather affects the unemployment rate in different years d. to prove that seasonal unemployment is negligible in terms of affecting the unemployment rate