Which of the Following Expenditures Would Be Included in GDP

question 30

Multiple Choice

Which of the following expenditures would be included in GDP for this year?

• A)The purchase of a new car.
• B)The purchase of a new tire by General Motors for a new car.
• C)The purchase of a used car.
• D)All of these would be included.

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Definitions:

Decisional

Pertaining to or involving the process of making decisions.

Robert Katz

Identified for his theory on managerial skills, notably the importance of technical, human, and conceptual skills in management.

Technical Skills

The specific knowledge and abilities required to perform specialized tasks, especially relating to complex processes or machinery, often acquired through education and training.

Conceptual Skills

The ability to understand complex ideas, identify patterns, and solve problems through abstract thinking.