Which of the Following Would Not Be Included in GDP

question 30

Multiple Choice

Which of the following would not be included in GDP for 2014?

• A)a car produced in 2014 and held in inventory until 2015
• B)a car produced in 2014 and sold in 2015
• C)the value of all cars produced in 2015
• D)a car produced in January of 2014 and sold in November of 2015
• E)a car produced in 2013 and sold in 2014

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Definitions:

Consistent Estimator

A statistical property where an estimator of a parameter tends to converge to the true parameter value as the sample size increases.

Variance

A measure of variability that quantifies the spread of a set of data points around the mean.

Confidence Level

The probability or degree of certainty that a confidence interval would contain the true population parameter if the same procedure were repeated multiple times.

Confidence Interval

A range of values, derived from sample statistics, that is believed to contain the true population parameter with a specified level of confidence.