Which of the Following Market Transactions of Final Goods and Services

question 89

Multiple Choice

Which of the following market transactions of final goods and services are excluded from the computation of U.S. GDP? ​

• A) ​Purchases of products such as wine, beer, hard liquor, and cigarettes.
• B) ​Secondhand transactions, such as when a used car is sold.
• C) ​New purchase that a resident of one state makes in a different state.
• D) ​Purchases of necessities such as groceries and rent.

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Definitions:

Clustered Development

A planning approach that concentrates buildings in specific areas on a site to preserve open space, natural resources, and reduce the footprint of development.

Solar Energy

The radiant energy emitted by the sun, which can be harnessed using technologies such as solar panels to produce electricity.

Urban Sprawl

The uncontrolled expansion of urban areas into surrounding rural areas, resulting in a spread-out or low-density residential development.

Environmental Impact

The effect of human activities on the natural environment, encompassing changes to ecosystems, biodiversity, and natural resources.