Which of the Following Expenditures Would Not Be Included in GDP

question 166

Multiple Choice

Which of the following expenditures would not be included in GDP?

• A) Purchase of a new lawnmower.
• B) Purchase of a silver cup previously sold new in 1950.
• C) Purchase of a ticket to the latest movie.
• D) All of the above would be counted in GDP.

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Definitions:

Intraorganizational

Pertaining to activities, processes, or interactions that occur within a single organization.

Extraorganizational

Activities, processes, or relationships that exist or occur outside of an organization's own boundaries.

HR

Stands for Human Resources, a department within organizations focused on managing employee-related processes like hiring, training, and benefits administration.

CIM

Computer Integrated Manufacturing, an approach to manufacturing that integrates computer systems with physical manufacturing processes for efficiency and productivity improvements.