Which of the Following Is NOT Included in Real GDP

question 198

Multiple Choice

Which of the following is NOT included in real GDP?

• A) production of services, such as the services of doctors
• B) production in the home
• C) production of goods that last more than one year, such as television sets
• D) production of goods that do not last more than one year, such as gasoline

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Definitions:

Current Ratio

A liquidity ratio that measures a company’s ability to pay short-term obligations with its current assets.

Quick Ratio

A financial ratio that measures a company’s ability to meet its short-term obligations with its most liquid assets.

Income Statement

A financial statement that reports a company's revenues, expenses, and profits over a specific period, showing the net income or loss.

Return On Stockholders' Equity

A measure of financial performance calculated by dividing net income by average shareholders' equity, showing how effectively management uses equity from shareholders to generate profit.