Which of the Following Would NOT Be Included in GDP

question 136

Multiple Choice

Which of the following would NOT be included in GDP for the United States?

• A) Toyota,a Japanese car company,producing cars in the United States.
• B) an immigrant from Mexico working legally in the United States as a nanny for a U.S.family
• C) Chrysler manufacturing cars in the United States that are not sold during the production year
• D) Matt purchasing an antique desk for his new home office

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single participant has significant power to dictate the price of goods and services.

Market Price

The price at which a good or service is currently sold in the market.

Competitive Industry

An industry characterized by many sellers and buyers, where no single entity has the market power to influence prices significantly.

Short Run

A period in economics during which the quantity and quality of one or more production factors remain unchanged.