Which of the Following Transactions Would Be Included in This

question 108

Multiple Choice

Which of the following transactions would be included in this year's GDP?

• A)Johnson purchases a five-year-old house from Smith.
• B)Johnson rents a five-year-old house from Smith.
• C)Johnson purchases 100 shares of AT&T stock from Smith.
• D)Johnson purchases an antique at Smith's garage sale.

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Definitions:

Working-Age Immigrants

Individuals who migrate from one country to another and fall within the labor force's eligible age range, contributing to the workforce in their new country.

Influx

The arrival or entry of a large number of people or things into a place.

Production Possibility Frontier

An illustration that outlines the peak production capacities for a pair of goods, considering the available resources and technological advancements.

Efficient

Description of a market or economy that takes all opportunities to make some people better off without making other people worse off.