When Calculating GDP, Purchases of Used Goods Are

question 96

Multiple Choice

When calculating GDP, purchases of used goods are

• A)included at the (current)used price.
• B)included by taking the original price and subtracting the (current)used price.
• C)included at the original price minus any depreciation.
• D)included at the original price.
• E)not included.

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Definitions:

Economic Deviance

Activities deviating from accepted economic norms and laws, including both white-collar crimes and other forms of illegal or unethical economic behaviors.

Deviant Motivation

The psychological drive or reasoning behind behavior that deviates from societal norms or expectations.

Unshareable Financial Problem

A financial difficulty that is perceived as so embarrassing or stigmatizing that the individual feels it cannot be disclosed to others.

Rationalizing Away

Rationalizing away is the process of offering a rational, logical, or plausible reason for actions or attitudes that are actually motivated by different, often less acceptable reasons.