Amazoncom, an Internet Retailer of Books, Buys a Shipment of Economics

question 50

Multiple Choice

Amazon.com, an Internet retailer of books, buys a shipment of economics textbooks from a publisher.Is this included in GDP?

• A)Yes
• B)No
• C)It depends on how the payment is made
• D)Yes, in real but not nominal GDP
• E)Yes, in nominal but not real GDP

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Definitions:

Erosion Promontory

A high point of land that extends into a body of water, formed from the resistance of its materials to weathering and erosion.

Seafloor Spreading

The process by which new oceanic crust is created at mid-ocean ridges and gradually moves away from the ridge, contributing to continental drift.

Sea Level Rise

The increase in the global average level of the oceans, attributed primarily to climate change via melting ice and thermal expansion of seawater.

Karst Topography

Topography characterized by sinkholes, caves, limestone pillars, poorly organized drainage patterns, and disappearing streams; generally formed from the dissolution of limestone.