Which of the Following Would Be Included in the Gross

question 117

Multiple Choice

Which of the following would be included in the gross domestic product (GDP) ?

• A)The monthly telephone bill paid by Mr.Jones
• B)The corporate stock purchased by Steven
• C)The used limousine purchased by Harold
• D)The bricks purchased by a construction company to build a house
• E)The $300 George saved because he painted his own garage

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Definitions:

Strategic Point

A critical factor or position within a strategic plan that can significantly influence the success or failure of said plan.

Nonmonetary Costs

Costs associated with a purchase that are not financial, such as time spent, effort, and emotional stress.

Opportunity Costs

The value of the best alternative forgone when a decision is made to pursue a particular action or investment.

Tangible Costs

Direct costs associated with the production or purchase of a good or service that can be easily quantified.