Which of the Following Would Be Included in This Year's

question 84

Multiple Choice

Which of the following would be included in this year's GDP?

• A) the value of a used car, at its sale price
• B) the value of a new domestic automobile, at its sale price
• C) a sale of Microsoft stock from one individual to another
• D) the face value of a life insurance policy paid to a woman at the death of her husband

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Definitions:

Statute Violation

An act that breaks a specific statute law, which can be either a criminal or civil law, established by a legislative body.

Exculpatory Clause

A contract provision that releases one party from liability for harm or damages that might arise under the agreement.

Legalese

Specialized language used in the legal profession, characterized by complex sentences and technical terminology.

Conspicuous Print

Text in a document that is designed to be noticeably visible or attention-grabbing to ensure that it is read.