If a Farmer Buys a New Tractor from John Deere

question 148

Multiple Choice

If a farmer buys a new tractor from John Deere for use on her cotton farm, it is included in GDP as:

• A) a nondurable consumption good.
• B) part of private investment.
• C) a durable consumption good.
• D) a service.

---

Definitions:

Promotional Mix

A combination of marketing tools used by a business to effectively promote its products or services.

Communication Tools

Communication tools include a range of software, platforms, and technologies used for sharing information and facilitating conversations among individuals or groups.

Prospective Buyers

Individuals or entities showing interest in purchasing a product or service but who have not yet made the purchase.

Integrated Marketing Communications

A strategic approach to marketing that combines multiple communication methods—such as advertising, sales promotion, public relations—to provide clarity, consistency, and maximum communicative impact.