In 2011, Richard Buys a 2003 Chevrolet Minivan from a Neighbor.Will

question 115

Multiple Choice

In 2011, Richard buys a 2003 Chevrolet minivan from a neighbor.Will this be counted in the GDP for 2011?

• A) Yes
• B) No
• C) Yes, if sales tax is paid
• D) No, because the purchase was from an individual not a dealer

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Definitions:

Rule Violation

An act of breaking or disregarding established rules or norms within a specific context or environment.

Stern

The rear part of a ship or boat.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of self-actualization and the client-centered therapy.

Personality Development

Refers to the pattern of thoughts, feelings, social adjustments, and behaviors consistently exhibited over time that strongly influences one's expectations, self-perceptions, values, and attitudes.