Which of the Following Would Be Included in the Calculation

question 145

Multiple Choice

Which of the following would be included in the calculation of gross domestic product (GDP) ?

• A)The value of a used automobile purchased by Jim
• B)The sale price of a new house purchased by Joe
• C)The receipt of $100 in food stamps by Sandy
• D)The $200 that Kurt spends on the purchase of bonds
• E)The amount of money that Laurie receives as unemployment benefit after losing her job

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Definitions:

Equilibrium

A condition or state where all acting influences are balanced, particularly in a market when supply equals demand.

Penalty Kick

A penalty kick in economics might refer metaphorically to an opportunity to score or gain significantly with little opposition, though it's primarily a sports term.

Probability of Success

A quantitative measure expressing the likelihood of achieving a specified outcome or reaching a goal.

Probability of Failure

The likelihood that a system or component will fail to perform its intended function within a specified period.