Which of the Following Transactions Is Included in GDP

question 5

Multiple Choice

Which of the following transactions is included in GDP?

• A)You buy a used car for $10,000.
• B)An unemployed worker receives a check for $450 as unemployment benefits.
• C)You buy a one-acre lot in Florida where you plan to build a beach house.
• D)Toyota builds 1,000 Accords in Kentucky at a cost of $25,000 each but is unable to sell them and, therefore, they are added to inventory.

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Definitions:

Patriotic Music

Music composed to evoke feelings of pride, loyalty, and love for one's country, often performed during national celebrations and military ceremonies.

Self-Modification Program

A personal development plan aimed at changing one's behavior or traits through self-discipline, educational efforts, and self-monitoring techniques.

Decreasing

A process or trend involving reduction or decline in size, quantity, or intensity over time.

Increasing

The process or act of becoming larger or greater in size, number, value, or amount.