Which of the Following Must Be Included in the Calculation

question 28

Multiple Choice

Which of the following must be included in the calculation of GDP?

• A)The sale of a used car to an auto dealer
• B)Bartering lawn care services for car washes
• C)A father staying at home to attend to his child
• D)The sale of an illegal cable box
• E)Payment made for a SAT preparation class

---

Definitions:

Comparative Advantage

The ability of a country or individual to produce a particular good or service at a lower opportunity cost than others.

Absolute Advantage

The capability of a country, individual, company, or region to produce a good or provide a service more efficiently than its competitors when using the same amount of resources.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses.

Alfalfa

A leguminous plant used primarily for feeding livestock, rich in nutrients and often grown as fodder.