Which One of the Following Transactions Would Be Included in GDP

question 190

Multiple Choice

Which one of the following transactions would be included in GDP?

• A)Ms.Kim pays $50 for a used picture frame at a neighborhood garage sale.
• B)Mr.Doe donates $500 to his town's junior college scholarship fund.
• C)Ms.Bartolini pays $500 to fix the front end of her car damaged in a recent accident.
• D)Ms.Smith pays $5,000 to purchase 100 shares of Microsoft stock.

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Definitions:

Obligations

Responsibilities or duties bound by legal or contractual agreements.

Trust's Income

The income generated from the assets held within a trust, which may include interests, dividends, and other earnings.

Lease Cancellation

The process by which a lease agreement is terminated before its specified end date, either by mutual agreement or due to breach of contract.

Demonstrative Legacy

A demonstrative legacy is a specific gift of money with the direction that it is to be paid out of a particular fund or property, used in wills and estate planning.