GDP in 2015 Would Not Include the Resale of a House

question 22

True/False

GDP in 2015 would not include the resale of a house built in 2000.

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Definitions:

Guidelines

Recommendations or principles provided to direct actions or decisions in specific situations.

Foreign Corrupt Practices Act

A U.S. law that prohibits companies and their employees from making corrupt payments to foreign officials for business advantages.

Siemens Bribery Scandal

A major corruption case involving the German conglomerate Siemens AG, which was accused of using bribes to secure contracts around the world.

Enron Scandal

Refers to a major accounting fraud that led to the bankruptcy of the Enron Corporation, an energy, commodities, and services company, in 2001.