Which Value Is an Example of a Nonmarket Transaction NOT

question 58

Multiple Choice

Which value is an example of a nonmarket transaction NOT included in the national income and product accounts?

• A) mowing your own lawn
• B) your lawn service
• C) a meal at a restaurant
• D) taking your car to a carwash

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Definitions:

Product Life Cycle

The stages through which a product goes from introduction to the market, growth in sales, maturity, and eventual decline.

Angry Birds

A popular mobile game developed by Rovio Entertainment where players use a slingshot to launch birds at pigs stationed on or within various structures.

Bank of America

A multinational investment bank and financial services company headquartered in Charlotte, North Carolina, known as one of the largest banking institutions in the United States.

Social Media

Digital platforms that enable users to create and share content or participate in social networking, facilitating interaction among individuals and communities.