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

---

Definitions:

Inductive Reasoning

A method of reasoning in which general principles are inferred from specific observations, moving from specific instances to broader generalizations.

Set of Premises

A collection of statements or propositions that form the basis for a conclusion or logical argument.

Mathematics

The scientific study of numbers, quantities, shapes, and patterns, using symbolic logic and methodology to solve theoretical problems and practical applications.

Byzantine Empire

A term used to describe the Eastern Roman Empire from the fall of the Western Roman Empire in the 5th century A.D. to the fall of Constantinople in 1453.