Which of the Following Is Included in Current Calculations of GDP

question 96

Multiple Choice

Which of the following is included in current calculations of GDP?

• A)computers produced here and exported to Europe
• B)the value of a vintage automobile purchased from the previous owner
• C)volunteer work
• D)the value of vegetables consumed by the home gardener
• E)welfare payments

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Definitions:

William Sharpe

An economist who created the Sharpe Ratio, a measure to calculate risk-adjusted return.

SML (Security Market Line)

A line in the Capital Asset Pricing Model that shows the relationship between the expected return of a security and its risk.

Risk Averse

A tendency to prefer certainty over uncertain outcomes to minimize exposure to financial loss.

Market Equilibrium

A situation in a market where the quantity supplied equals the quantity demanded at a certain price level, resulting in no net shortage or surplus.