Which of the Following Transactions Would Be Included in the Official

question 234

Multiple Choice

Which of the following transactions would be included in the official calculation of GDP?

• A)A student buys a used textbook at the bookstore.
• B)Firestone sells $2 million worth of tires to General Motors.
• C)You wash and wax your father's car as a favor to him.
• D)You buy a new iPod.
• E)You illegally download music off the Internet to put on your new iPod.

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Definitions:

Electromechanical

Pertaining to systems or devices combining electrical and mechanical components.

PLC Retentive Timer

A type of timer in a Programmable Logic Controller (PLC) that retains its value even after a power loss or when the PLC goes into a stop mode.

Motor(s) Operating

Refers to the condition where one or more electric motors are in the process of working or running.

Switch Closed

A condition in an electrical circuit where the switch is in a position that allows current to flow through.