Which of the Following Is a Consumption Good That Would

question 19

Multiple Choice

Which of the following is a consumption good that would not be counted in GDP?

• A) The coffee Cyndi buys on her way to work in the morning
• B) Cyndi's brand-new car
• C) The sunglasses Cyndi bought on clearance sale yesterday
• D) The flour Cyndi purchases to make bread for her catering business.

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Definitions:

Franchising

A business model where a business owner (franchisor) licenses trademarks and methods to an independent entrepreneur (franchisee) to conduct business under the franchisor's name.

Business Plan

A formal written document that outlines the strategy, goals, financial projections, and operational guidelines for starting and running a business.

Feasibility

The assessment of the practicality or possibility of a proposed project or system.

Demographics

Statistical data relating to the population and particular groups within it, used for marketing and policy-making purposes.