In Measuring GDP, Which of the Following Is Included

question 86

Multiple Choice

In measuring GDP, which of the following is included?

• A)the value of stocks and bonds bought and sold
• B)the value of durable consumption goods but not the value of nondurable consumption goods.
• C)the value of preparing meals at home
• D)the value of increases in business inventories
• E)the value of used goods when they are sold

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Definitions:

Identify

To recognize or establish as being a particular person or thing; to determine the identity of.

Ends

The term may refer to goals, objectives, or outcomes that an individual, group, or society seeks to achieve.

Outcome

The result or consequence of an action, process, or event, often measured to determine its success or failure.

High Rank Positions

Roles or titles within an organization or society that carry significant authority, responsibility, and status.