Which of the Following Items Should NOT Be Included in the Cost

question 95

Multiple Choice

Which of the following items should NOT be included in the cost of land?

• A) removal of old building
• B) legal fees
• C) clearing and draining land
• D) structural additions to land

Calculate a country's GDP, GNP, and related economic measures using given data.

Understand and differentiate government expenditures, transfer payments, and subsidies in the context of GDP.

Recognize what comprises unemployment compensation and how it relates to GDP.

Distinguish between investment in economics versus financial investment.

---

Definitions:

Tax Farmers

Individuals or companies who were awarded the right to collect taxes or other dues on behalf of the government, often keeping a portion as profit.

Collect Taxes

The process by which a government or authority gathers monetary contributions from its citizens and businesses to fund public services and infrastructure.

Government

The organization, or agency through which a political unit exercises authority, controls and administers public policy, and directs the actions of its members or subjects.

Reflections on Revolution

An analysis or contemplation on the causes, effects, and significance of revolutionary movements or events, often in a historical or philosophical context.