Which One of the Following Would Not Be Counted as Part

question 114

Multiple Choice

Which one of the following would not be counted as part of this year's GDP?

• A)the lumber you purchase when building bookshelves for your room
• B)the government bond you buy for your newborn niece
• C)the purchase of a new personal computer that was produced in the current year
• D)the purchase of wheat that was produced in the current year by a Saskatchewan farmer
• E)the purchase of a house that was produced in the current year

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Definitions:

Credit Card

A payment card issued by a financial institution allowing the cardholder to borrow funds for the purchase of goods and services with the promise to repay the borrowed amount along with any agreed-upon fees.

Debit Card

A card used to electronically subtract money from a bank account to pay for goods or services.

Relative Advantages

The degree to which an innovation or solution is perceived to be better than the idea, program, or product it replaces.

Dishonors

Refers to the refusal or inability of a party to accept or pay a bill of exchange, check, or draft when presented for payment.