Which of the Following Will Be Included in the Calculation

question 111

Multiple Choice

Which of the following will be included in the calculation of GDP using the income-based method?

• A) The earnings from the sale of an old house
• B) The money paid to a grocer
• C) The earnings retained by a corporation
• D) The scholarship offered to a student by a university

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Definitions:

Wholly-Owned Subsidiary

A company whose entire stock is held by another company, making it fully controlled by the parent company.

City Ordinance

A rule or law enacted by a local government authority to regulate, permit, or prohibit certain activities within its jurisdiction.

Consecutive Sundays

Two or more Sundays that follow one directly after the other without interruption.

Investor Liability

Refers to the legal and financial responsibilities borne by investors, including potential losses or debts incurred from investments.