Which of the Following Is NOT Included in Real GDP

question 87

Multiple Choice

Which of the following is NOT included in real GDP?

• A)Production that takes place in the underground economy.
• B)Production of goods that last less than a year, such as production of hot dogs.
• C)Production of services, such as the services of hairdressers.
• D)Production of goods that last more than a year, such as a pair of rollerblades.

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Definitions:

Business Plan

Written document that provides an orderly statement of a company’s goals, methods, and standards.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Executive Summary

One- to two-page snapshot of what the overall business plan explains in detail.

Business Incubator

Local programs designed to provide low-cost shared business facilities to small start-up ventures.