Which of the Following Goods Is Directly Counted in GDP

question 15

Multiple Choice

Which of the following goods is directly counted in GDP?

• A)the lettuce that Subway purchases for its sandwiches
• B)the bread that Subway purchases for its sandwiches
• C)a 12-inch Subway sandwich purchased by a student
• D)the plastic bags that Subway purchases to wrap its sandwiches

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Definitions:

Escrow Agent

A neutral third party who holds assets or documents in trust until certain conditions are met and then facilitates the transfer of these assets or completion of legal obligations.

Security Interest

A legal claim or lien on collateral that has been offered to secure a loan, ensuring the lender can repossess or take ownership of the collateral if the borrower defaults.

Mortgage

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Financial

Relating to finance, encompassing all aspects of managing, investing, and monitoring money and assets.