Which of the Following Transactions Would Be Included in GDP

question 75

Multiple Choice

Which of the following transactions would be included in GDP for 2015?

• A)On January 5, 2015, Chris Carter sold 100 shares of stock in IBM Corporation.
• B)Bonita Delgado purchases a new 2015 Chevrolet on March 10, 2015.
• C)Nadav Daniel buys a used desk from the "Struggling Students Used Furniture" store on May 9, 2015.
• D)Levi Lathan purchases a 75-year-old penthouse on Lake Shore Drive in Chicago, Illinois, on June 23, 2015.

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Definitions:

Framing Effect

The cognitive bias where people's decisions are influenced by the way information is presented rather than the information itself.

Relatively Cheap

A term used to describe goods or services that are considered to be priced lower than their perceived value or compared to alternative options.

Prospect Theory

A psychological theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are known.

"Low Fat" Sour Cream

Sour cream that has been modified to contain a lower fat content than traditional sour cream.