Which of the Following Is an Example of a Good

question 85

Multiple Choice

Which of the following is an example of a good that would not count toward U.S. GDP?

• A) A car made by Toyota in Tennessee
• B) A car made by Ford in Michigan
• C) Sneakers made by Nike in Indonesia
• D) Sneakers made by New Balance in Ohio

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Definitions:

Annual Payments

Recurring payments made once a year, often related to loans, leases, or other financial obligations.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Bond's Principal

The face value of a bond, or the amount that the bond issuer agrees to repay the bondholder at the bond's maturity date.

Bank Interest

The amount paid to depositors for holding their money in a bank account, or the amount charged to borrowers for taking out a loan.