Don Is a Builder and in His Free Time He

question 86

Multiple Choice

Don is a builder and in his free time he has built an addition to his own house. This transaction will:

• A) not be included in GDP because it is not produced for the marketplace.
• B) be included in GDP because Don is a professional builder.
• C) not be included in GDP because it is an intermediate good.
• D) be included in GDP because building is Don's hobby.

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Definitions:

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.

Biologically Magnified

Refers to the process by which toxic substances become more concentrated in organisms at higher levels of the food chain.

Pest

An organism that is considered troublesome or harmful to humans, their endeavors, such as agriculture, or to natural ecosystems.

Subjective

Pertaining to or influenced by personal feelings, tastes, or opinions, as opposed to objective, which is fact-based and unbiased.