Which of the Following Economic Activities Would Be Included in U.S

question 90

Multiple Choice

Which of the following economic activities would be included in U.S. gross domestic product (GDP) ?

• A)Illegal drug sales
• B)Pure services, such as haircuts
• C)Illegal prostitution
• D)Work performed and paid for in cash to avoid income tax

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Definitions:

Clean Hands

A legal doctrine that requires a party seeking equitable relief to have acted fairly and without fraud or deceit in relation to the matter before the court.

Equitable Remedies

Remedies granted by courts in situations where monetary damages are insufficient, including injunctions or specific performance.

Specific Performance

An equitable remedy requiring exactly the performance that was specified in a contract. Usually granted only when money damages would be an inadequate remedy and the subject matter of the contract is unique, for example, real property.

Injunction

A court decree ordering a person to do or to refrain from doing a certain act.