Which of the Following Would Be Included in the Calculation

question 145

Multiple Choice

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

• A)The value of a used automobile purchased by Jim
• B)The sale price of a new house purchased by Joe
• C)The receipt of $100 in food stamps by Sandy
• D)The $200 that Kurt spends on the purchase of bonds
• E)The amount of money that Laurie receives as unemployment benefit after losing her job

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Definitions:

Demand for Money

The desire or need by individuals and businesses to hold money instead of other assets, due to its liquidity and ability to facilitate transactions.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the principal, charged by lenders to borrowers for the use of assets.

Supply of Money

The overall pool of monetary resources in an economy at a given period.

Interest Rate

The cost of borrowing money or the return on savings, often expressed as a percentage of the principal.